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

Christopher Neely

No 2005-030, Working Papers from Federal Reserve Bank of St. Louis

Abstract: Two recent strands of research have contributed to our understanding of the effects of foreign exchange intervention: 1) the use of high frequency data; 2) 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
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (103)

Published in Federal Reserve Bank of St. Louis Review, November/December 2005, 87(6), pp. 685-717

Downloads: (external link)
https://s3.amazonaws.com/real.stlouisfed.org/wp/2005/2005-030.pdf Full Text (application/pdf)

Related works:
Journal Article: An analysis of recent studies of the effect of foreign exchange intervention (2005)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedlwp:2005-030

Ordering information: This working paper can be ordered from

DOI: 10.20955/wp.2005.030

Access Statistics for this paper

More papers in Working Papers from Federal Reserve Bank of St. Louis Contact information at EDIRC.
Bibliographic data for series maintained by Scott St. Louis ().