The impact of different types of foreign exchange intervention : an event study approach

Borradores de Economia
Número: 
784
Publicado: 
Clasificación JEL: 
E52, E58, F31
Palabras clave: 
Keywords: Central bank intervention, foreign exchange intervention mechanisms, event study.

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To date, there is still great controversy as to which exchange rate model should be used or which monetary channel should be considered, when measuring the effects of monetary policy. Since most of the literature relies on structural models to address ide