Fatum, Rasmus (contributor); Pedersen, Jesper (contributor) - 2007
exchange intervention carried out by a central bank that is currently
intervening.
The best known studies of the now … are ineffective. Within the context of an
event study approach, Payne and Vitale (2003) find evidence of a systematic … reduced exchange rate volatility.
Fatum and King (2005) use an event study methodology and find that intervention has a …