Matches in SemOpenAlex for { <https://semopenalex.org/work/W3125016701> ?p ?o ?g. }
Showing items 1 to 63 of
63
with 100 items per page.
- W3125016701 abstract "Since the abandonment of the Bretton Woods system of fixed exchange rates in the early 1970s, exchange rates have displayed a surprisingly high degree of time-conditional volatility. This volatility can be explained statistically using autoregressive conditional heteroscedasticity models, but there remains the question of the economic source of this volatility. Central bank intervention policy may provide part of the explanation. Previous work has shown that central banks have relied heavily on intervention policy to influence the level of exchange rates, and that these operations have, at times, been effective. This paper investigates whether central bank interventions have also influenced the variance of exchange rates. The results from daily and weekly GARCH models of the $/DM and $/Yen rates over the period 1985 to 1991 indicate that publicly known Fed intervention generally decreased volatility over the full period. Further, results indicate that intervention need not be publicly known for it to influence the conditional variance of exchange rate changes. Secret intervention operations by both the Fed and the Bundesbank generally increased exchange rates volatility over the period." @default.
- W3125016701 created "2021-02-01" @default.
- W3125016701 creator A5003449885 @default.
- W3125016701 date "1993-11-01" @default.
- W3125016701 modified "2023-10-06" @default.
- W3125016701 title "Does Central Bank Intervention Increase the Volatility of Foreign Exchange Rates" @default.
- W3125016701 hasPublicationYear "1993" @default.
- W3125016701 type Work @default.
- W3125016701 sameAs 3125016701 @default.
- W3125016701 citedByCount "8" @default.
- W3125016701 crossrefType "posted-content" @default.
- W3125016701 hasAuthorship W3125016701A5003449885 @default.
- W3125016701 hasConcept C101104100 @default.
- W3125016701 hasConcept C126285488 @default.
- W3125016701 hasConcept C149782125 @default.
- W3125016701 hasConcept C162324750 @default.
- W3125016701 hasConcept C192620184 @default.
- W3125016701 hasConcept C21430997 @default.
- W3125016701 hasConcept C23922673 @default.
- W3125016701 hasConcept C24189920 @default.
- W3125016701 hasConcept C2776988154 @default.
- W3125016701 hasConcept C2992735868 @default.
- W3125016701 hasConcept C556758197 @default.
- W3125016701 hasConcept C91602232 @default.
- W3125016701 hasConceptScore W3125016701C101104100 @default.
- W3125016701 hasConceptScore W3125016701C126285488 @default.
- W3125016701 hasConceptScore W3125016701C149782125 @default.
- W3125016701 hasConceptScore W3125016701C162324750 @default.
- W3125016701 hasConceptScore W3125016701C192620184 @default.
- W3125016701 hasConceptScore W3125016701C21430997 @default.
- W3125016701 hasConceptScore W3125016701C23922673 @default.
- W3125016701 hasConceptScore W3125016701C24189920 @default.
- W3125016701 hasConceptScore W3125016701C2776988154 @default.
- W3125016701 hasConceptScore W3125016701C2992735868 @default.
- W3125016701 hasConceptScore W3125016701C556758197 @default.
- W3125016701 hasConceptScore W3125016701C91602232 @default.
- W3125016701 hasLocation W31250167011 @default.
- W3125016701 hasOpenAccess W3125016701 @default.
- W3125016701 hasPrimaryLocation W31250167011 @default.
- W3125016701 hasRelatedWork W1504705523 @default.
- W3125016701 hasRelatedWork W1578243891 @default.
- W3125016701 hasRelatedWork W1599899511 @default.
- W3125016701 hasRelatedWork W1986156010 @default.
- W3125016701 hasRelatedWork W2068039823 @default.
- W3125016701 hasRelatedWork W2077679406 @default.
- W3125016701 hasRelatedWork W2085254961 @default.
- W3125016701 hasRelatedWork W2094592857 @default.
- W3125016701 hasRelatedWork W2100414813 @default.
- W3125016701 hasRelatedWork W2221328077 @default.
- W3125016701 hasRelatedWork W2420000628 @default.
- W3125016701 hasRelatedWork W2490876772 @default.
- W3125016701 hasRelatedWork W261763785 @default.
- W3125016701 hasRelatedWork W2923379558 @default.
- W3125016701 hasRelatedWork W2949838140 @default.
- W3125016701 hasRelatedWork W300158024 @default.
- W3125016701 hasRelatedWork W3121273220 @default.
- W3125016701 hasRelatedWork W3122893191 @default.
- W3125016701 hasRelatedWork W3123525667 @default.
- W3125016701 hasRelatedWork W3124368638 @default.
- W3125016701 isParatext "false" @default.
- W3125016701 isRetracted "false" @default.
- W3125016701 magId "3125016701" @default.
- W3125016701 workType "article" @default.