Intervention, exchange-rate volatility, and the stable paretian distribution

Michael L. Bagshaw and Owen Humpage

No 8608, Working Papers (Old Series) from Federal Reserve Bank of Cleveland

Abstract: A look at whether the United States' decision to cease intervention after March 1981 had a perceptible influence on the day-to-day behavior of exchange rates, using the stable paretian distribution.

Keywords: Foreign exchange rates; Foreign exchange - Law and legislation (search for similar items in EconPapers)
Date: 1986
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