𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Central Banks' Management of Foreign Exchange Reserves

✍ Scribed by Elvio Dal Bosco


Book ID
110262209
Publisher
Springer US
Year
1998
Tongue
English
Weight
299 KB
Volume
9
Category
Article
ISSN
0923-7992

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THE EFFICACY OF CENTRAL BANK INTERVENTIO
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## Abstract This paper employs conditional probabilities generated from a homogenous two‐state Markov chain to obtain maximum likelihood estimates of the efficacy of central bank intervention on the foreign exchange market in Uganda. This enables us to explicitly model the fact that intervention ac