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  Forex Articles & Studies
 An Analysis of Recent Studies of the Effect of Foreign Exchange Intervention
 Authors: Christopher J. Neely. Federal Reserve Bank of St. Louis
                                         Date: October 2005

Two recent strands of research have contributed to our understanding of the effects of foreign exchange intervention: i) the use of high-frequency data and ii) the use of event studies to evaluate the effects of intervention. This article surveys recent empirical studies of the effect of foreign exchange intervention and analyzes the implicit assumptions and limitations of such work. After explicitly detailing such drawbacks, the paper suggests ways to better investigate the effects of intervention.

 Note: The Below File are in Adobe Acrobat PDF format,  please click here to download Adobe Acrobat Reader For Free.


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