The causal relationships between foreign exchange intervention and exchange rate

被引：2
|
作者：
Hoshikawa, Takeshi [1 ]
机构：
[1] Kobe Univ, Grad Sch Econ, Nada Ku, Kobe, Hyogo 6578501, Japan
来源：
APPLIED ECONOMICS LETTERS | 2008年 / 15卷 / 07期
关键词：
D O I：
10.1080/13504850600721890
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This article examines the causal relationships between foreign exchange intervention and exchange rate. We find evidence of instantaneous causal relationships in mean and variance and feedback causal relationships in mean. It suggests that the expectation for exchange rate and volatility is influenced by information on foreign exchange intervention.
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页码：519 / 522
页数：4
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