Details about Rasmus Fatum

Access statistics for papers by Rasmus Fatum.

Last updated 2024-12-06. Update your information in the RePEc Author Service.

Short-id: pfa285

Working Papers

2023

1. The Trend Effect of Foreign Exchange Intervention
   Discussion paper series, Hitotsubashi Institute for Advanced Study, Hitotsubashi University

2020

2. Reserves and Risk: Evidence from China
   GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit
   Also in Discussion paper series, Hitotsubashi Institute for Advanced Study, Hitotsubashi University (2020)
   Globalization Institute Working Papers, Federal Reserve Bank of Dallas (2020)
   See also Journal Article Reserves and risk: Evidence from China, Journal of International Money and Finance, Elsevier (2023) (2023)

2019

3. Accumulation of Foreign Currency Reserves and Risk-taking
   Discussion paper series, Hitotsubashi Institute for Advanced Study, Hitotsubashi University
   Also in BIS Working Papers, Bank for International Settlements (2018)
   GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit (2019)
   See also Journal Article Accumulation of foreign currency reserves and risk-taking, Journal of International Money and Finance, Elsevier (2020) View citations (4) (2020)
4. Negative Interest Rate Policy and the Influence of Macroeconomic News on Yields
   GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit
   Also in Globalization Institute Working Papers, Federal Reserve Bank of Dallas (2019) View citations (2)
   IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan (2019) View citations (1)
   See also Journal Article Negative Interest Rate Policy and the Influence of Macro‐Economic News on Yields, Journal of Money, Credit and Banking, Blackwell Publishing (2024) (2024)

2018

5. Beggar Thy Neighbor or Beggar Thy Domestic Firms? Evidence from 2000-2011 Chinese Customs Data
   GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit
   Also in GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit
   Globalization Institute Working Papers, Federal Reserve Bank of Dallas (2015)
   See also Journal Article Beggar thy neighbor or beggar thy domestic firms? Evidence from 2000 to 2011 Chinese customs data, Journal of International Economics, Elsevier (2018) View citations (10) (2018)

2017

6. The Exchange Rate Effects of Macro News after the Global Financial Crisis
   GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit
   Also in Globalization Institute Working Papers, Federal Reserve Bank of Dallas (2017) View citations (1)
   See also Journal Article The exchange rate effects of macro news after the global Financial Crisis, Journal of International Money and Finance, Elsevier (2019) View citations (11) (2019)

2016

7. Do oil endowment and productivity matter for accumulation of international reserves?
   Globalization Institute Working Papers, Federal Reserve Bank of Dallas
   Also in GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit
   See also Journal Article Do oil endowment and productivity matter for accumulation of international reserves?, Journal of International Money and Finance, Elsevier (2021) View citations (1) (2021)
8. Is the Renminbi a Safe Haven?
   Working Papers, Tokyo Center for Economic Research View citations (1)
   Also in GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit
   Globalization Institute Working Papers, Federal Reserve Bank of Dallas (2016) View citations (1)
   See also Journal Article Is the Renminbi a safe haven?, Journal of International Money and Finance, Elsevier (2017) View citations (19) (2017)

2014

9. Intra-safe haven currency behavior during the global financial crisis
   Globalization Institute Working Papers, Federal Reserve Bank of Dallas View citations (1)
   See also Journal Article Intra-safe haven currency behavior during the global financial crisis, Journal of International Money and Finance, Elsevier (2016) View citations (82) (2016)

2012

10. Does foreign exchange intervention volume matter?
    Globalization Institute Working Papers, Federal Reserve Bank of Dallas View citations (1)

2010

11. Are the Intraday Effects of Central Bank Intervention on Exchange Rate Spreads Asymmetric and State Dependent?
    Discussion Papers, University of Copenhagen. Department of Economics
    Also in Globalization Institute Working Papers, Federal Reserve Bank of Dallas (2010)
12. Asymmetries and state dependence: the impact of macro surprises on intraday exchange rates
    Globalization Institute Working Papers, Federal Reserve Bank of Dallas View citations (7)
    See also Journal Article Asymmetries and state dependence: The impact of macro surprises on intraday exchange rates, Journal of the Japanese and International Economies, Elsevier (2012) View citations (28) (2012)
13. Does Foreign Exchange Reserve Decumulation Lead to Currency Appreciation?
    EPRU Working Paper Series, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics View citations (5)
    Also in Working Papers, Research Seminar in International Economics, University of Michigan (2010) View citations (5)
    Globalization Institute Working Papers, Federal Reserve Bank of Dallas (2010) View citations (5)
    NBER Working Papers, National Bureau of Economic Research, Inc (2010) View citations (6)
14. Foreign Exchange Intervention When Interest Rates Are Zero: Does the Portfolio Balance Channel Matter After All?
    EPRU Working Paper Series, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics View citations (14)
    Also in Globalization Institute Working Papers, Federal Reserve Bank of Dallas (2010) View citations (3)
    See also Journal Article Foreign exchange intervention when interest rates are zero: Does the portfolio balance channel matter after all?, Journal of International Money and Finance, Elsevier (2015) View citations (18) (2015)

2009

15. Do Both U.S. and Foreign Macro Surprises Matter for the Intraday Exchange Rate? Evidence from Japan
    EPRU Working Paper Series, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics View citations (1)
16. Official Japanese Intervention in the JPY/USD Exchange Rate Market: Is It Effective and Through Which Channel Does It Work?
    EPRU Working Paper Series, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics View citations (9)
    Also in IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan (2009) View citations (10)
    See also Journal Article Official Japanese Intervention in the JPY/USD Exchange Rate Market: Is It Effective, and through Which Channel Does It Work?, Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan (2009) View citations (9) (2009)

2008

17. Evaluating Foreign Exchange Market Intervention: Self-selection, Counterfactuals and Average Treatment Effects
    Working Papers, Hong Kong Institute for Monetary Research View citations (2)
    Also in Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2006) View citations (1)
    EPRU Working Paper Series, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics (2006) View citations (2)
    Santa Cruz Center for International Economics, Working Paper Series, Center for International Economics, UC Santa Cruz (2006) View citations (1)
    See also Journal Article Evaluating foreign exchange market intervention: Self-selection, counterfactuals and average treatment effects, Journal of International Money and Finance, Elsevier (2010) View citations (40) (2010)

2007

18. Real-Time Effects of Central Bank Interventions in the Euro Market
    EPRU Working Paper Series, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics View citations (5)
    See also Journal Article Real-time effects of central bank intervention in the euro market, Journal of International Economics, Elsevier (2009) View citations (25) (2009)

2005

19. Daily Effects of Foreign Exchange Intervention: Evidence from Official Bank of Canada Data
    EPRU Working Paper Series, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics View citations (14)
    See also Journal Article Daily effects of foreign exchange intervention: Evidence from official Bank of Canada data, Journal of International Money and Finance, Elsevier (2008) View citations (20) (2008)
20. Foreign Exchange Intervention and Monetary Policy in Japan, 2003-04
    EPRU Working Paper Series, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics View citations (18)
21. Foreign Exchange Intervention and Monetary Policy in Japan, 2003-2004
    Hi-Stat Discussion Paper Series, Institute of Economic Research, Hitotsubashi University View citations (7)
22. Monetary Policy News and Exchange Rate Responses: Do Only Surprises Matter?
    EPRU Working Paper Series, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics View citations (2)
    See also Journal Article Monetary policy news and exchange rate responses: Do only surprises matter?, Journal of Banking & Finance, Elsevier (2008) View citations (63) (2008)
23. Rules versus Discretion in Foreign Exchange Intervention: Evidence from Official Bank of Canada High-Frequency Data
    EPRU Working Paper Series, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics View citations (20)
24. The Effectiveness of Official Foreign Exchange Intervention in a Small Open Economy: The Case of the Canadian Dollar
    Staff Working Papers, Bank of Canada View citations (10)

2003

25. Do Exchange Rates Respond to Day-to-Day Changes in Monetary Policy Expectations? Evidence from the Federal Funds Futures Market
    Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz View citations (3)
    Also in EPRU Working Paper Series, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics (2003) View citations (3)
    Santa Cruz Center for International Economics, Working Paper Series, Center for International Economics, UC Santa Cruz (2003) View citations (3)
26. Effectiveness of Official Daily Foreign Exchange Market Intervention Operations in Japan
    Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz View citations (33)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2003) View citations (41)
    Pacific Basin Working Paper Series, Federal Reserve Bank of San Francisco (2002) View citations (3)
    Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2003) View citations (34)
    Santa Cruz Center for International Economics, Working Paper Series, Center for International Economics, UC Santa Cruz (2003) View citations (33)
    See also Journal Article Effectiveness of official daily foreign exchange market intervention operations in Japan, Journal of International Money and Finance, Elsevier (2006) View citations (69) (2006)
27. One Monetary Policy and Eighteen Central Bankers: The European Monetary Policy as a Game of Strategic Delegation
    EPRU Working Paper Series, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics View citations (1)

2000

28. On the effectiveness of sterilized foreign exchange intervention
    Working Paper Series, European Central Bank View citations (42)

Undated

29. ECB Foreign Exchange Intervention and the Euro: Institutional Framework, News and Intervention
    EPRU Working Paper Series, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics View citations (39)
    See also Journal Article ECB Foreign Exchange Intervention and the EURO: Institutional Framework, News, and Intervention, Open Economies Review, Springer (2002) View citations (49) (2002)
30. Is Foreign Exchange Market Intervention an Alternative to Monetary Policy? Evidence from Japan
    EPRU Working Paper Series, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics View citations (19)
31. Is Intervention a Signal of Future Monetary Policy? Evidence from the Federal Funds Futures Market
    EPRU Working Paper Series, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics View citations (21)
    See also Journal Article Is Intervention a Signal of Future Monetary Policy? Evidece from the Federal Funds Futures Market, Journal of Money, Credit and Banking, Blackwell Publishing (1999) View citations (79) (1999)
32. Is Sterilized Foreign Exchange Intervention Effective After All? An Event Study Approach
    EPRU Working Paper Series, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics View citations (29)
    See also Journal Article Is sterilised foreign exchange intervention effective after all? an event study approach, Economic Journal, Royal Economic Society (2003) View citations (182) (2003)

Journal Articles

2024

1. Negative Interest Rate Policy and the Influence of Macro‐Economic News on Yields
   Journal of Money, Credit and Banking, 2024, 56, (5), 1261-1285
   See also Working Paper Negative Interest Rate Policy and the Influence of Macroeconomic News on Yields, GRU Working Paper Series (2019) (2019)

2023

2. Reserves and risk: Evidence from China
   Journal of International Money and Finance, 2023, 134, (C)
   See also Working Paper Reserves and Risk: Evidence from China, GRU Working Paper Series (2020) (2020)

2021

3. Do oil endowment and productivity matter for accumulation of international reserves?
   Journal of International Money and Finance, 2021, 117, (C) View citations (1)
   See also Working Paper Do oil endowment and productivity matter for accumulation of international reserves?, Globalization Institute Working Papers (2016) (2016)

2020

4. Accumulation of foreign currency reserves and risk-taking
   Journal of International Money and Finance, 2020, 102, (C) View citations (4)
   See also Working Paper Accumulation of Foreign Currency Reserves and Risk-taking, Discussion paper series (2019) (2019)

2019

5. The exchange rate effects of macro news after the global Financial Crisis
   Journal of International Money and Finance, 2019, 95, (C), 424-443 View citations (11)
   See also Working Paper The Exchange Rate Effects of Macro News after the Global Financial Crisis, GRU Working Paper Series (2017) (2017)

2018

6. Beggar thy neighbor or beggar thy domestic firms? Evidence from 2000 to 2011 Chinese customs data
   Journal of International Economics, 2018, 115, (C), 16-29 View citations (10)
   See also Working Paper Beggar Thy Neighbor or Beggar Thy Domestic Firms? Evidence from 2000-2011 Chinese Customs Data, GRU Working Paper Series (2018) (2018)

2017

7. Is the Renminbi a safe haven?
   Journal of International Money and Finance, 2017, 79, (C), 189-202 View citations (19)
   See also Working Paper Is the Renminbi a Safe Haven?, Working Papers (2016) View citations (1) (2016)

2016

8. Intra-safe haven currency behavior during the global financial crisis
   Journal of International Money and Finance, 2016, 66, (C), 49-64 View citations (82)
   See also Working Paper Intra-safe haven currency behavior during the global financial crisis, Globalization Institute Working Papers (2014) View citations (1) (2014)

2015

9. Foreign exchange intervention when interest rates are zero: Does the portfolio balance channel matter after all?
   Journal of International Money and Finance, 2015, 57, (C), 185-199 View citations (18)
   See also Working Paper Foreign Exchange Intervention When Interest Rates Are Zero: Does the Portfolio Balance Channel Matter After All?, EPRU Working Paper Series (2010) View citations (14) (2010)

2014

10. Large versus small foreign exchange interventions
    Journal of Banking & Finance, 2014, 43, (C), 114-123 View citations (14)

2013

11. Do Sales of Foreign Exchange Reserves Lead to Currency Appreciation?
    Journal of Money, Credit and Banking, 2013, 45, (5), 867-890 View citations (21)
    Also in Journal of Money, Credit and Banking, 2013, 45, (5), 867-890 (2013) View citations (46)
12. The intraday effects of central bank intervention on exchange rate spreads
    Journal of International Money and Finance, 2013, 33, (C), 103-117 View citations (5)

2012

13. Asymmetries and state dependence: The impact of macro surprises on intraday exchange rates
    Journal of the Japanese and International Economies, 2012, 26, (4), 542-560 View citations (28)
    See also Working Paper Asymmetries and state dependence: the impact of macro surprises on intraday exchange rates, Globalization Institute Working Papers (2010) View citations (7) (2010)

2010

14. Evaluating foreign exchange market intervention: Self-selection, counterfactuals and average treatment effects
    Journal of International Money and Finance, 2010, 29, (3), 570-584 View citations (40)
    See also Working Paper Evaluating Foreign Exchange Market Intervention: Self-selection, Counterfactuals and Average Treatment Effects, Working Papers (2008) View citations (2) (2008)

2009

15. Official Japanese Intervention in the JPY/USD Exchange Rate Market: Is It Effective, and through Which Channel Does It Work?
    Monetary and Economic Studies, 2009, 27, (1), 75-98 View citations (9)
    See also Working Paper Official Japanese Intervention in the JPY/USD Exchange Rate Market: Is It Effective and Through Which Channel Does It Work?, EPRU Working Paper Series (2009) View citations (9) (2009)
16. Real-time effects of central bank intervention in the euro market
    Journal of International Economics, 2009, 78, (1), 11-20 View citations (25)
    See also Working Paper Real-Time Effects of Central Bank Interventions in the Euro Market, EPRU Working Paper Series (2007) View citations (5) (2007)

2008

17. Daily effects of foreign exchange intervention: Evidence from official Bank of Canada data
    Journal of International Money and Finance, 2008, 27, (3), 438-454 View citations (20)
    See also Working Paper Daily Effects of Foreign Exchange Intervention: Evidence from Official Bank of Canada Data, EPRU Working Paper Series (2005) View citations (14) (2005)
18. Monetary policy news and exchange rate responses: Do only surprises matter?
    Journal of Banking & Finance, 2008, 32, (6), 1076-1086 View citations (63)
    See also Working Paper Monetary Policy News and Exchange Rate Responses: Do Only Surprises Matter?, EPRU Working Paper Series (2005) View citations (2) (2005)

2006

19. Do Exchange Rates Respond to Day-to-Day Changes in Monetary Policy Expectations When No Monetary Policy Changes Occur?
    Journal of Money, Credit and Banking, 2006, 38, (6), 1641-1657 View citations (32)
20. Effectiveness of official daily foreign exchange market intervention operations in Japan
    Journal of International Money and Finance, 2006, 25, (2), 199-219 View citations (69)
    See also Working Paper Effectiveness of Official Daily Foreign Exchange Market Intervention Operations in Japan, Santa Cruz Department of Economics, Working Paper Series (2003) View citations (33) (2003)
21. One monetary policy and 18 central bankers: The European monetary policy as a game of strategic delegation
    Journal of Monetary Economics, 2006, 53, (4), 659-669 View citations (23)

2005

22. Foreign exchange intervention and monetary policy in Japan, 2003–04
    International Economics and Economic Policy, 2005, 2, (2), 241-260 View citations (31)

2003

23. Is sterilised foreign exchange intervention effective after all? an event study approach
    Economic Journal, 2003, 113, (487), 390-411 View citations (182)
    See also Working Paper Is Sterilized Foreign Exchange Intervention Effective After All? An Event Study Approach, EPRU Working Paper Series View citations (29)

2002

24. ECB Foreign Exchange Intervention and the EURO: Institutional Framework, News, and Intervention
    Open Economies Review, 2002, 13, (4), 413-425 View citations (49)
    See also Working Paper ECB Foreign Exchange Intervention and the Euro: Institutional Framework, News and Intervention, EPRU Working Paper Series View citations (39)
25. Post-Plaza intervention in the DEM/USD exchange rate
    Canadian Journal of Economics, 2002, 35, (3), 556-567 View citations (23)
    Also in Canadian Journal of Economics/Revue canadienne d'économique, 2002, 35, (3), 556-567 (2002) View citations (11)

1999

26. Is Intervention a Signal of Future Monetary Policy? Evidece from the Federal Funds Futures Market
    Journal of Money, Credit and Banking, 1999, 31, (1), 54-69 View citations (79)
    See also Working Paper Is Intervention a Signal of Future Monetary Policy? Evidence from the Federal Funds Futures Market, EPRU Working Paper Series View citations (21)

Chapters

2018

1. Does the accumulation of foreign currency reserves affect risk-taking? An event study approach
   A chapter in The price, real and financial effects of exchange rates, 2018, vol. 96, pp 41-52