The influence of actual and unrequited interventions
dc.contributor.author | Dominguez, Kathryn M. E. | en_US |
dc.contributor.author | Panthaki, Freyan | en_US |
dc.date.accessioned | 2007-09-20T18:33:18Z | |
dc.date.available | 2008-09-08T14:25:14Z | en_US |
dc.date.issued | 2007-04 | en_US |
dc.identifier.citation | Dominguez, Kathryn M. E.; Panthaki, Freyan (2007)."The influence of actual and unrequited interventions." International Journal of Finance & Economics 12(2): 171-200. <http://hdl.handle.net/2027.42/56025> | en_US |
dc.identifier.issn | 1076-9307 | en_US |
dc.identifier.issn | 1099-1158 | en_US |
dc.identifier.uri | https://hdl.handle.net/2027.42/56025 | |
dc.description.abstract | Intervention operations are used by governments to manage their exchange rates but officials rarely confirm their presence in the market, leading inevitably to erroneous reports in the financial press. There are also reports of what we term, unrequited interventions, interventions that the market expects but do not materialize. In this paper we examine the effects of various types of intervention news on intra-day exchange rate behaviour. We find that unrequited interventions have a statistically significant influence on returns, volatility and order flow, suggesting that the expectation of intervention, even when governments do not intervene, can affect currency values. Copyright © 2007 John Wiley & Sons, Ltd. | en_US |
dc.format.extent | 294818 bytes | |
dc.format.extent | 3118 bytes | |
dc.format.mimetype | application/pdf | |
dc.format.mimetype | text/plain | |
dc.publisher | John Wiley & Sons, Ltd. | en_US |
dc.subject.other | Business, Finance & Management | en_US |
dc.title | The influence of actual and unrequited interventions | en_US |
dc.type | Article | en_US |
dc.rights.robots | IndexNoFollow | en_US |
dc.subject.hlbsecondlevel | Economics | en_US |
dc.subject.hlbtoplevel | Business | en_US |
dc.description.peerreviewed | Peer Reviewed | en_US |
dc.contributor.affiliationum | University of Michigan and NBER, USA ; University of Michigan and NBER, USA | en_US |
dc.contributor.affiliationother | Financial Markets Group, London School of Economics, UK | en_US |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/56025/1/326_ftp.pdf | en_US |
dc.identifier.doi | http://dx.doi.org/10.1002/ijfe.326 | en_US |
dc.identifier.source | International Journal of Finance & Economics | en_US |
dc.owningcollname | Interdisciplinary and Peer-Reviewed |
Files in this item
Remediation of Harmful Language
The University of Michigan Library aims to describe library materials in a way that respects the people and communities who create, use, and are represented in our collections. Report harmful or offensive language in catalog records, finding aids, or elsewhere in our collections anonymously through our metadata feedback form. More information at Remediation of Harmful Language.
Accessibility
If you are unable to use this file in its current format, please select the Contact Us link and we can modify it to make it more accessible to you.