2011
DOI: 10.1111/j.1465-7287.2011.00299.x
|View full text |Cite
|
Sign up to set email alerts
|

Can Secret Intervention Be Compatible With a Non‐profitmaking Central Bank and a Fundamental‐consistent Target?

Abstract: The coexistence of secret intervention operations and “the signaling channel” (Mussa. The Role of Official Intervention, 1981) seems confusing. Vitale ( Journal of International Economics, 49, 1999, 245–267) resolves this puzzle by employing an asymmetric information framework and an assumption of a fundamental‐inconsistent target for the exchange rate. Ferré and Manzano ( International Journal of Finance and Economics, 14, 2009, 378–393) follow Vitale's microstructure framework and argue that the central bank… Show more

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...

Citation Types

0
0
0

Publication Types

Select...

Relationship

0
0

Authors

Journals

citations
Cited by 0 publications
references
References 52 publications
(104 reference statements)
0
0
0
Order By: Relevance

No citations

Set email alert for when this publication receives citations?