Kalyvitis, Sarantis; Skotida, Ifigeneia - 2022
This paper examines the impact of U.S. monetary policy shocks on the cross exchange rates of sterling, yen and mark … provide evidence that the ‘delayed overshooting’ pattern in cross exchange rates is accompanied by asymmetric interventions by …. The main finding of the paper is a ‘delayed overshooting’ pattern for all currency cross rates examined (sterling/yen, yen …