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Recent U.S. intervention: is less more?

Owen Humpage

Economic Review, 1997, issue Q III, 2-10

Abstract: An analysis of the forecast value of U.S. interventions in the foreign exchange market over the past seven years, which finds that official transactions by U.S. monetary authorities generally did not seem to improve the efficiency with which the foreign exchange market obtained information during this period.

Date: 1997
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