generates protracted appreciation of the exchange rate (the so-called delayed overshooting puzzle) which is in contradiction … the delayed overshooting is not a robust finding. Exchange rate appreciation and carry trade movements take place almost …

We re-investigate the delayed overshooting puzzle. We find that delayed overshooting is primarily a phenomenon of the …

generates protracted appreciation of the exchange rate (the so-called delayed overshooting puzzle) which is in contradiction … the delayed overshooting is not a robust finding. Exchange rate appreciation and carry trade movements take place almost …

generates protracted appreciation of the exchange rate (the so-called delayed overshooting puzzle) which is in contradiction … the delayed overshooting is not a robust finding. Exchange rate appreciation and carry trade movements take place almost …

indicate that the nominal exchange rate exhibits delayed overshooting in response to a monetary expansion, depreciating for …

. The main finding of the paper is a ‘delayed overshooting’ pattern for all currency cross rates examined (sterling/yen, yen … provide evidence that the ‘delayed overshooting’ pattern in cross exchange rates is accompanied by asymmetric interventions by …