메뉴 건너뛰기




Volumn 93, Issue 5, 2011, Pages 303-324

A foreign exchange intervention in an era of restraint

Author keywords

[No Author keywords available]

Indexed keywords


EID: 80052564444     PISSN: 00149187     EISSN: None     Source Type: Journal    
DOI: 10.20955/r.93.302-324     Document Type: Article
Times cited : (32)

References (47)
  • 1
    • 0030243416 scopus 로고    scopus 로고
    • A Friction Model of Daily Bundesbank and Federal Reserve Intervention
    • Almekinders, Geert J. and Eijffinger, Sylvester C.W. "A Friction Model of Daily Bundesbank and Federal Reserve Intervention." Journal of Banking and Finance, September 1996, 20(8), pp. 1365-80.
    • (1996) Journal of Banking and Finance , vol.20 , Issue.8 , pp. 1365-1380
    • Almekinders Geert, J.1    Eijffinger Sylvester, C.W.2
  • 2
    • 0039066490 scopus 로고    scopus 로고
    • Deutsche Mark-Dollar Volatility: Intraday Activity Patterns, Macroeconomic Announcements, and Longer Run Dependencies
    • Andersen, Torben G. and Bollerslev, Tim. "Deutsche Mark-Dollar Volatility: Intraday Activity Patterns, Macroeconomic Announcements, and Longer Run Dependencies." Journal of Finance, February 1998, 53(1), pp. 219-65.
    • (1998) Journal of Finance , vol.53 , Issue.1 , pp. 219-265
    • Andersen Torben, G.1    Bollerslev, T.2
  • 6
    • 0000948110 scopus 로고    scopus 로고
    • The Forecasting Ability of Correlations Implied in Foreign Exchange Options
    • Campa, José Manuel and Chang, P.H. Kevin. "The Forecasting Ability of Correlations Implied in Foreign Exchange Options." Journal of International Money and Finance, December 1998, 17(6), pp. 855-80.
    • (1998) Journal of International Money and Finance , vol.17 , Issue.6 , pp. 855-880
    • Campa, J.M.1    Chang, P.H.K.2
  • 7
    • 80052585459 scopus 로고    scopus 로고
    • Department of Finance Canada
    • Department of Finance Canada. "Official International Reserves, 2011-033." April 2011; www.fin.gc.ca/n11/11-033-eng.asp.
    • (2011) Official International Reserves, 2011-033
  • 9
    • 0037220252 scopus 로고    scopus 로고
    • The Market Microstructure of Central Bank Intervention
    • Dominguez, Kathryn. "The Market Microstructure of Central Bank Intervention." Journal of International Economics, January 2003, 59(1), pp. 25-45.
    • (2003) Journal of International Economics , vol.59 , Issue.1 , pp. 25-45
    • Dominguez, K.1
  • 11
    • 0000852454 scopus 로고
    • The Effectiveness of Central Bank Intervention: A Survey of the Literature after 1982
    • Princeton University Department of Economics
    • Edison, Hali J. "The Effectiveness of Central Bank Intervention: A Survey of the Literature after 1982." Special Papers in International Economics No. 18, Princeton University Department of Economics, July 1993; www.princeton.edu/~ies/IES_Special_Papers/SP18.pdf.
    • (1993) Special Papers In International Economics , Issue.18
    • Edison Hali, J.1
  • 13
    • 0000480869 scopus 로고
    • Efficient Capital Markets: A Review of Theory and Empirical Work
    • Fama, Eugene F. "Efficient Capital Markets: A Review of Theory and Empirical Work." Journal of Finance, May 1970, 25(2), pp. 383-417.
    • (1970) Journal of Finance , vol.25 , Issue.2 , pp. 383-417
    • Fama Eugene, F.1
  • 14
    • 0033480680 scopus 로고    scopus 로고
    • Is Intervention a Signal of Future Monetary Policy? Evidence from the Federal Funds Futures Market
    • Fatum, Rasmus and Hutchison, Michael. "Is Intervention a Signal of Future Monetary Policy? Evidence from the Federal Funds Futures Market." Journal of Money, Credit, and Banking, February 1999, 31(1), pp. 54-69.
    • (1999) Journal of Money, Credit, and Banking , vol.31 , Issue.1 , pp. 54-69
    • Fatum, R.1    Hutchison, M.2
  • 17
    • 0033433964 scopus 로고    scopus 로고
    • Exchange Rate Effects of Central Bank Interventions: An Analysis of Transaction Prices
    • Fischer, Andreas M. and Zurlinden, Mathias. "Exchange Rate Effects of Central Bank Interventions: An Analysis of Transaction Prices." Economic Journal, October 1999, 109(458), pp. 662-76.
    • (1999) Economic Journal , vol.109 , Issue.458 , pp. 662-676
    • Fischer Andreas, M.1    Zurlinden, M.2
  • 18
    • 80052573138 scopus 로고    scopus 로고
    • Group of Seven (G-7), March 18, 2011
    • Group of Seven (G-7). "G-7 Statement on Currencies." March 18, 2011; www.smh.com.au/business/markets/g7-statement-on-currencies-20110318-1bzsj.html.
    • G-7 Statement On Currencies
  • 19
    • 80052605493 scopus 로고    scopus 로고
    • How America Saved the Yen, for Now
    • June 20, 1998
    • Hewett, Jennifer. "How America Saved the Yen, for Now." The Age, June 20, 1998.
    • The Age
    • Hewett, J.1
  • 20
    • 80052594010 scopus 로고    scopus 로고
    • U.K. Official Holdings of International Reserves March 2011
    • HM Treasury, April 5, 2011
    • HM Treasury. "U.K. Official Holdings of International Reserves March 2011." National Statistics, April 5, 2011; www.hm-treasury.gov.uk/d/pn_37_11.pdf.
    • National Statistics
  • 21
    • 80052590007 scopus 로고    scopus 로고
    • Euro Intervention Good for Asia, Wall St
    • September 28, 2000
    • Holland, Tom. "Euro Intervention Good for Asia, Wall St." Far Eastern Economic Review, September 28, 2000.
    • Far Eastern Economic Review
    • Holland, T.1
  • 22
    • 80052588338 scopus 로고    scopus 로고
    • Japan Disaster Likely to Be World's Costliest
    • Associated Press, March 23, 2011
    • Hosaka, Tomoko A. "Japan Disaster Likely to Be World's Costliest." Associated Press, March 23, 2011; http://finance.yahoo.com/news/Japan-disaster-likely-to-be-apf-2425809672.html?x=0.
    • Hosaka Tomoko, A.1
  • 23
    • 80052606764 scopus 로고
    • International Monetary Fund, Washington, DC: IMF Publication Services
    • International Monetary Fund. IMF Annual Report 1981. Washington, DC: IMF Publication Services, 1981.
    • (1981) IMF Annual Report 1981
  • 24
    • 0001281632 scopus 로고    scopus 로고
    • Some Anomalous Evidence Regarding Market Efficiency
    • June-September 1978
    • Jensen, Michael C. "Some Anomalous Evidence Regarding Market Efficiency." Journal of Financial Economics, June-September 1978, 6(2-3), pp. 95-101.
    • Journal of Financial Economics , vol.6 , Issue.2-3 , pp. 95-101
    • Jensen Michael, C.1
  • 25
    • 0030117205 scopus 로고    scopus 로고
    • Does Foreign Exchange Intervention Signal Future Monetary Policy?
    • Kaminsky, Graciela L. and Lewis, Karen K. "Does Foreign Exchange Intervention Signal Future Monetary Policy?" Journal of Monetary Economics, April 1996, 37(2-3), pp. 285-312.
    • (1996) Journal of Monetary Economics , vol.37 , Issue.2-3 , pp. 285-312
    • Kaminsky Graciela, L.1    Lewis Karen, K.2
  • 26
    • 17144395610 scopus 로고    scopus 로고
    • Identifying the Efficacy of Central Bank Interventions: Evidence from Australia and Japan
    • Kearns, Jonathan and Rigobon, Roberto. "Identifying the Efficacy of Central Bank Interventions: Evidence from Australia and Japan." Journal of International Economics, May 2005, 66(1), pp. 31-48.
    • (2005) Journal of International Economics , vol.66 , Issue.1 , pp. 31-48
    • Kearns, J.1    Rigobon, R.2
  • 28
    • 38249025050 scopus 로고
    • Can Learning Affect Exchange-Rate Behavior? The Case of the Dollar in the Early 1980s
    • Lewis, Karen K. "Can Learning Affect Exchange-Rate Behavior? The Case of the Dollar in the Early 1980s." Journal of Monetary Economics, January 1989, 23(1), pp. 79-100.
    • (1989) Journal of Monetary Economics , vol.23 , Issue.1 , pp. 79-100
    • Lewis Karen, K.1
  • 29
    • 21844490709 scopus 로고
    • Are Foreign Exchange Intervention and Monetary Policy Related and Does It Really Matter?
    • Lewis, Karen K. "Are Foreign Exchange Intervention and Monetary Policy Related and Does It Really Matter?" Journal of Business, April 1995, 68(2), pp. 185-214.
    • (1995) Journal of Business , vol.68 , Issue.2 , pp. 185-214
    • Lewis Karen, K.1
  • 30
    • 80052561252 scopus 로고    scopus 로고
    • U.S. Bought $1 Billion During March Yen Intervention, Federal Reserve Says
    • May 13, 2011
    • McCormick, Liz. "U.S. Bought $1 Billion During March Yen Intervention, Federal Reserve Says." Bloomberg, May 13, 2011; www.bloomberg.com/news/2011-05-13/fed-bought-1-billion-of-u-s-currency-during-march-g-7-yen-intervention.html.
    • Bloomberg
    • McCormick, L.1
  • 33
    • 33646386707 scopus 로고    scopus 로고
    • An Analysis of Recent Studies of the Effect of Foreign Exchange Intervention
    • November/December 2005
    • Neely, Christopher J. "An Analysis of Recent Studies of the Effect of Foreign Exchange Intervention." Federal Reserve Bank of St. Louis Review, November/December 2005, 87(6), pp. 685-717; http://research.stlouisfed.org/publications/review/05/11/Neely.pdf.
    • Federal Reserve Bank of St. Louis Review , vol.87 , Issue.6 , pp. 685-717
    • Neely Christopher, J.1
  • 35
    • 38049061603 scopus 로고    scopus 로고
    • Central Bank Authorities' Beliefs about Foreign Exchange Intervention
    • Neely, Christopher J. "Central Bank Authorities' Beliefs about Foreign Exchange Intervention." Journal of International Money and Finance, February 2008, 27(1), pp. 1-25.
    • (2008) Journal of International Money and Finance , vol.27 , Issue.1 , pp. 1-25
    • Neely Christopher, J.1
  • 36
    • 0141942206 scopus 로고    scopus 로고
    • A Transaction Level Study of the Effects of Central Bank Intervention on Exchange Rates
    • Payne, Richard and Vitale, Paolo. "A Transaction Level Study of the Effects of Central Bank Intervention on Exchange Rates." Journal of International Economics, December 2003, 61(2), pp. 331-52.
    • (2003) Journal of International Economics , vol.61 , Issue.2 , pp. 331-352
    • Payne, R.1    Vitale, P.2
  • 37
    • 80052563554 scopus 로고    scopus 로고
    • G-7 to Help Drive Down Rising Yen
    • March 17, 2011
    • Pett, David. "G-7 to Help Drive Down Rising Yen." Financial Post, March 17, 2011.
    • Financial Post
    • Pett, D.1
  • 38
    • 37549011060 scopus 로고    scopus 로고
    • The Coordination Channel of Foreign Exchange Intervention: A Nonlinear Microstructural Analysis
    • Reitz, Stefan and Taylor, Mark P. "The Coordination Channel of Foreign Exchange Intervention: A Nonlinear Microstructural Analysis." European Economic Review, January 2008, 52(1), pp. 55-76.
    • (2008) European Economic Review , vol.52 , Issue.1 , pp. 55-76
    • Reitz, S.1    Taylor Mark, P.2
  • 41
    • 0001284782 scopus 로고    scopus 로고
    • Official Intervention in the Foreign Exchange Market: Is It Effective and, If So, How Does It Work?
    • Sarno, Lucio and Taylor, Mark P. "Official Intervention in the Foreign Exchange Market: Is It Effective and, If So, How Does It Work?" Journal of Economic Literature, September 2001, 39(3), pp. 839-68.
    • (2001) Journal of Economic Literature , vol.39 , Issue.3 , pp. 839-868
    • Sarno, L.1    Taylor Mark, P.2
  • 42
    • 84862489449 scopus 로고    scopus 로고
    • Scoreboard: A Frank Self-Appraisal of Where I Went Wrong and Where I Went Right in the Year Just Past
    • February 15, 1993
    • Shilling, A. Gary. "Scoreboard: A Frank Self-Appraisal of Where I Went Wrong and Where I Went Right in the Year Just Past." Forbes, February 15, 1993, 151(4), p. 236.
    • Forbes , vol.151 , Issue.4 , pp. 236
    • Shilling, A.G.1
  • 43
  • 44
    • 15844395640 scopus 로고    scopus 로고
    • Official Foreign Exchange Intervention as a Coordinating Signal in the Dollar-Yen Market
    • Taylor, Mark P. "Official Foreign Exchange Intervention as a Coordinating Signal in the Dollar-Yen Market." Pacific Economic Review, February 2005, 10(1), pp. 73-82.
    • (2005) Pacific Economic Review , vol.10 , Issue.1 , pp. 73-82
    • Taylor Mark, P.1
  • 45
    • 24644514822 scopus 로고    scopus 로고
    • The Limits of Exchange Market Intervention
    • C. Fred Bergsten and John Williamson, eds, Special Report 16). Washington, DC: Institute for International Economics
    • Truman, Edwin M. "The Limits of Exchange Market Intervention," in C. Fred Bergsten and John Williamson, eds., Dollar Overvaluation and the World Economy (Special Report 16). Washington, DC: Institute for International Economics, 2003; pp. 247-65.
    • (2003) Dollar Overvaluation and The World Economy , pp. 247-265
    • Truman Edwin, M.1
  • 46
    • 80052576002 scopus 로고    scopus 로고
    • G-7 Scrambles to Calm Markets in Yen Mayhem
    • March 17, 2011a
    • Vieira, Paul. "G-7 Scrambles to Calm Markets in Yen Mayhem." Financial Post, March 17, 2011a.
    • Financial Post
    • Vieira, P.1
  • 47
    • 80052564027 scopus 로고    scopus 로고
    • Japan Does Heavylifting to Devalue Soaring Yen: G-7 Help 'Symbolic'; Currency Falls by the Most in More than Two Years
    • March 19, 2011b
    • Vieira, Paul. "Japan Does Heavylifting to Devalue Soaring Yen: G-7 Help 'Symbolic'; Currency Falls by the Most in More than Two Years." Financial Post, March 19, 2011b.
    • Financial Post
    • Vieira, P.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.