(RBA) have had on the level and volatility of the Australian dollar exchange rate. First, using an event study we evaluate … Australian dollar. Second, we investigate the effects of RBA intervention policies on exchange rate volatility over the floating … volatility, which suggests that official intervention may have added to market uncertainty. Overall, the effects of RBA …

explore this question by comparing long-run volatility trends in CEE currencies and the euro. We find that these trends are … euro. Spillovers of volatility across regional markets appear to have diminished over time, with the exception of the … Hungarian forint, which remains a source of volatility shocks to regional currencies …

component provide evidence of a “world business cycle” and a distinct European common component. The results suggest that …

Asia proved to be remarkably resilient in the face of the global financial crisis, but why was its output performance … vulnerabilities—contributed significantly to Asia’s resilience. Key pre-crisis factors included moderate credit expansion, reliance on … financial crisis. Looking ahead, Asia is in the process of adjusting to more volatile external conditions and higher risk …

evidence of NDFs leading onshore markets for a few currencies. Policy approaches to NDFs vary widely across Asia from close …