IS IT SIGNALING - EXCHANGE INTERVENTION AND THE DOLLAR DEUTSCHEMARK RATE

被引：26
|
作者：
GHOSH, AR
机构：
[1] Woodrow Wilson School, Princeton University, Princeton
来源：
JOURNAL OF INTERNATIONAL ECONOMICS | 1992年 / 32卷 / 3-4期
关键词：
D O I：
10.1016/0022-1996(92)90017-E
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The portfolio balance channel for sterilised intervention is tested by examining the effects of changes in relative asset supplies on the dollar-Deutschemark rate during the 1980s. In contrast to previous studies. we control for any signalling effects of central bank intervention and find a weak, but statistically significant, portfolio balance influence on the exchange rate.
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页码：201 / 220
页数：20
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