Download or read book Daily Bundesbank and Federal Reserve Intervention and the Conditional Variance Tale in DM returns written by Geert J. Almekinders and published by . This book was released on 1992 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Daily Bundesbank and Federal Reserve Intervention and the Conditional Variance Tale in DM dollar returns written by and published by . This book was released on 1992 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Daily Bundesbank and Federal Reserve Interventions and the Conditional Variance Tale in DM dollar returns written by Geert J. Almekinders and published by . This book was released on 1992 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Daily Bundesbank and Federal Reserve Intervention and the Conditional Variance in DM dollar returns written by Geert J. Almekinders and published by . This book was released on 1992 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Daily Bundesbank and Federal Reserve Internation and the Conditional Variance Tale in DM Returns written by and published by . This book was released on 1992 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book International Finance Discussion Papers written by and published by . This book was released on 1992 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Central Bank Intervention and Exchange Rate Expectations written by Stefan Reitz and published by . This book was released on 2016 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper we propose a generalisation of the noise trader transmission mechanism to examine the impact of central bank intervention on exchange rates. Within a heterogeneous expectations exchange rate model intervention operations are supposed to provide support to either chartist or fundamentalist forecasts, which forces portfolio managers to adjust their foreign currency positions. The empirical examination of the hypothesis is done by applying a markov regime-switching approach to daily US-dollar/DEM forward rates and intervention data of the Deutsche Bundesbank and the Federal Reserve from 1979 to 1992. It is shown that the performance of simple chartist trading rules was strong whenever these central banks intervened on the foreign exchange market. A similar coincidence cannot be found within the more sophisticated fundamentalist approach.Die vorliegende Arbeit schlägt eine Verallgemeinerung des Noise-Trader-Transmissionsmechanismus vor. Damit sollen die Auswirkungen von Zentralbankinterventionen auf die Wechselkurse untersucht werden. Im Rahmen eines Wechselkursmodells mit heterogenen Erwartungen dürften Interventionen Prognosen stützen, die entweder auf der Chartanalyse oder der Analyse der Fundamentaldaten beruhen. Dies zwingt Portfoliomanager, ihre Fremdwährungspositionen anzupassen. Die empirische Untersuchung der Hypothese erfolgt durch Anwendung eines Markov-Switching-Ansatzes auf die täglichen USDollar/ DEM-Terminkurse und Interventionsdaten der Deutschen Bundesbank und der Federal Reserve von 1979 bis 1992. Es zeigt sich, dass sich einfache auf der Chartanalyse beruhende Regeln dann bewährt haben, wenn diese Zentralbanken am Devisenmarkt intervenierten. Ein ähnlicher Zusammenhang kann bei einem Ansatz, der sich auf Fundamentalüberlegungen stützt, nicht nachgewiesen werden.

Download or read book International Finance Discussion Papers written by and published by . This book was released on 1993 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Contents of Recent Economics Journals written by and published by . This book was released on 1993 with total page 618 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Fed in Print written by and published by . This book was released on 1992 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Central Bank Intervention and Exchange Rate Volatility written by Suk-Joong Kim and published by . This book was released on 1999 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Cointegration Tests in the Presence of Structural Breaks written by Julia Campos and published by . This book was released on 1993 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Fluctuating Confidence and Stock market Returns written by Alexander David and published by . This book was released on 1993 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Union Behavior Industry Rents and Optimal Policies written by Phillip Swagel and published by . This book was released on 1993 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Internal Funds and the Investment Function written by Guy V. G. Stevens and published by . This book was released on 1993 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The GATT s Contribution to Economic Recovery in Post war Western Europe written by Douglas A. Irwin and published by . This book was released on 1993 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Macroeconomic Risk and Asset Pricing written by John Ammer and published by . This book was released on 1993 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: