| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w12953 |
| 来源ID | Working Paper 12953 |
| The Influence of Actual and Unrequited Interventions | |
| Kathryn M.E. Dominguez; Freyan Panthaki | |
| 发表日期 | 2007-03-08 |
| 出版年 | 2007 |
| 语种 | 英语 |
| 摘要 | 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 behavior. 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. |
| 主题 | International Economics ; International Finance ; Financial Economics ; Financial Markets |
| URL | https://www.nber.org/papers/w12953 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/570619 |
| 推荐引用方式 GB/T 7714 | Kathryn M.E. Dominguez,Freyan Panthaki. The Influence of Actual and Unrequited Interventions. 2007. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w12953.pdf（260KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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