Kalyvitis, Sarantis; Skotida, Ifigeneia - 2022
central banks in the foreign exchange markets under consideration triggered by U.S. monetary policy shocks …This paper examines the impact of U.S. monetary policy shocks on the cross exchange rates of sterling, yen and mark …/mark and mark/sterling) following an unexpected U.S. monetary policy change, which in turn generates excess returns. We also …