Show simple item record

dc.contributor.authorChen, Yu-Fu
dc.contributor.authorFunke, Michael
dc.contributor.authorGlanemann, Nicole
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.titleThe Signalling Channel of Central Bank Interventions: Modelling the Yen/US Dollar Exchange Rateen
dc.typeWorking Paperen

Files in this item


This item appears in the following Collection(s)

Show simple item record

Copyright © 2015 SIRE - All Rights Reserved