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Central Bank Intervention and Exchange Rate Expectations: Evidence from the Daily DM/US-Dollar Exchange Rate
Reitz, Stefan - 2002
In this paper we propose a generalisation of the noise trader transmission mechanism to examine the impact of central bank intervention on exchange rates. Within a heterogeneous expectations exchange rate model intervention operations are supposed to provide support to either chartist or...
Persistent link: https://www.econbiz.de/10010295734
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Central bank intervention and exchange rate expectations : evidence from the daily DM/US-Dollar exchange rate
Reitz, Stefan - 2002
In this paper we propose a generalisation of the noise trader transmission mechanism to examine the impact of central bank intervention on exchange rates. Within a heterogeneous expectations exchange rate model intervention operations are supposed to provide support to either chartist or...
Persistent link: https://www.econbiz.de/10011431685
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Nonlinearities and cyclical behavior : the role of chartists and fundamentalists
Reitz, Stefan; Westerhoff, Frank H. - 2003
fundamentalists, market stability decreases with increasing misalignments. A stabilization policy such as central bank interventions …
Persistent link: https://www.econbiz.de/10009765352
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Exchange Rate Dynamics in a Target Zone : A Heterogeneous Expectations Approach
Bauer, Christian - 2016
like excessive volatility, fat tails, volatility clustering and the exchange rate disconnect. When introducing a credible … rate volatility by decreasing speculative activity in the FX market …
Persistent link: https://www.econbiz.de/10012991144
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Central Bank Intervention and Exchange Rate Expectations : Evidence from the Daily Dm/Us-Dollar Exchange Rate
Reitz, Stefan - 2016
In this paper we propose a generalisation of the noise trader transmission mechanism to examine the impact of central bank intervention on exchange rates. Within a heterogeneous expectations exchange rate model intervention operations are supposed to provide support to either chartist or...
Persistent link: https://www.econbiz.de/10012991271
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Exchange Rates Dynamics in a Target Zone - A Heterogeneous Expectations Approach
Bauer, Christian; De Grauwe, Paul; Reitz, Stefan - 2021
puzzles of exchange rates: excessive volatility, fat tails, volatility clustering, and disconnection from the fundamentals. In … addition, the target zone regime replicates a reduced nominal volatility for the same level of fundamental volatility as in the …
Persistent link: https://www.econbiz.de/10013316875
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Volatile Wechselkurse : Ursachen und währungspolitische Bedeutung
Reitz, Stefan - 1999 - 1. Aufl.
Persistent link: https://www.econbiz.de/10000682174
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Nonlinearities and cyclical behavior : the role of chartists and fundamentalists
Reitz, Stefan; Westerhoff, Frank - 2003
Persistent link: https://www.econbiz.de/10001757656