scholarly journals Estimating the COP exchange rate volatility smile and the market effect of central bank interventions: a CHARN approach

2005 ◽  
Author(s):  
Juan Manuel Julio-Román ◽  
Norberto Rodríguez-Niño ◽  
Hector Manuel Zárate-Solano
Keyword(s):  
Exchange Rate ◽  
Central Bank ◽  
Exchange Rate Volatility ◽  
Volatility Smile ◽  
Market Effect ◽  
Central Bank Interventions

scholarly journals An Interpretation of Recent Research on Exchange Rate Target Zones

1992 ◽  
Vol 6 (4) ◽  
pp. 119-144 ◽  
Author(s):  
Lars E. O Svensson
Keyword(s):  
Exchange Rate ◽  
Central Bank ◽  
Exchange Rates ◽  
Interest Rates ◽  
Empirical Research ◽  
Target Zones ◽  
The Difference ◽  
Exchange Rate Target Zones ◽  
Main Ideas ◽  
Central Bank Interventions

How do exchange rate bands work compared to completely fixed rates (between realignments); or, more precisely, what are the dynamics of exchange rates, interest rates, and central bank interventions within exchange rate bands? Does the difference between bands and completely fixed exchange rates matter, and if so, which of the two arrangements is best; or, more precisely, what are the tradeoffs that determine the optimal bandwidth? This article will present an interpretation of some selected recent theoretical and empirical research on exchange rate target zones, with emphasis on main ideas and results and without technical detail.

scholarly journals Central bank intervention and exchange rate volatility, its continuous and jump components

2007 ◽  
Vol 12 (2) ◽  
pp. 201-223 ◽  
Author(s):  
Michel Beine ◽  
Jérôme Lahaye ◽  
Sébastien Laurent ◽  
Christopher J. Neely ◽  
Franz C. Palm
Keyword(s):  
Exchange Rate ◽  
Central Bank ◽  
Exchange Rate Volatility ◽  
Central Bank Intervention
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