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dc.contributor.authorChen, Yu-Fu
dc.contributor.authorFunke, Michael
dc.contributor.authorGlanemann, Nicole
dc.date.accessioned2013-01-07T12:10:21Z
dc.date.available2013-01-07T12:10:21Z
dc.date.issued2012
dc.identifier.urihttp://hdl.handle.net/10943/369
dc.description.abstractThis paper presents a theoretical framework analysing the signalling channel of exchange rate interventions as an informational trigger. We develop an implicit target zone framework with learning in order to model the signalling channel. The theoretical premise of the model is that interventions convey signals that communicate information about the exchange rate objectives of central bank. The model is used to analyse the impact of Japanese FX interventions during the period 1999 -2011 on the yen/US dollar dynamics.en
dc.publisherUniversity of Dundeeen
dc.publisherHamburg Universityen
dc.relation.ispartofseriesSIRE DISCUSSION PAPER;SIRE-DP-2012-36
dc.subjectExchange ratesen
dc.subjectinterventionsen
dc.subjectJapanen
dc.titleThe Signalling Channel of Central Bank Interventions: Modelling the Yen/US Dollar Exchange Rateen
dc.typeWorking Paperen


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