An analysis of recent studies of the effect of foreign exchange intervention

Christopher Neely

Review, 2005, vol. 87, issue Nov, 685-718

Abstract: Two recent strands of research have contributed to our understanding of the effects of foreign exchange intervention: (i) the use of high-frequency data and (ii) the use of event studies to evaluate the effects of intervention. This article surveys recent empirical studies of the effect of foreign exchange intervention and analyzes the implicit assumptions and limitations of such work. After explicitly detailing such drawbacks, the paper suggests ways to better investigate the effects of intervention.

Keywords: Foreign exchange; time series analysis (search for similar items in EconPapers)
Date: 2005
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Citations: View citations in EconPapers (180)

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Working Paper: An analysis of recent studies of the effect of foreign exchange intervention (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedlrv:y:2005:i:nov:p:685-718:n:v.87no.6

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