Skip navigation
Skip navigation

Self-selection and treatment effects: Revisiting the effectiveness of foreign exchange intervention

Pontines, Victor

Description

Along the lines of the treatment effects literature, this paper empirically revisits the issue of the so-called “intervention effect”, i.e., the effectiveness of official foreign exchange intervention on the movement of the exchange rate. We specifically examine the effectiveness of official daily interventions by Japanese monetary authorities in the JPY/USD market over the period from 1 January 1999 to 31 December 2011. To achieve our aim, we extended in a continuous treatment setting the...[Show more]

CollectionsANU Research Publications
Date published: 2018
Type: Journal article
URI: http://hdl.handle.net/1885/160414
Source: Journal of Macroeconomics
DOI: 10.1016/j.jmacro.2018.06.007

Download

File Description SizeFormat Image
01_Pontines_Self-selection_and_treatment_2018.pdf674.47 kBAdobe PDF    Request a copy


Items in Open Research are protected by copyright, with all rights reserved, unless otherwise indicated.

Updated:  22 January 2019/ Responsible Officer:  University Librarian/ Page Contact:  Library Systems & Web Coordinator