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Do central banks lose on foreign-exchange intervention? A review article

✍ Scribed by Richard J Sweeney


Book ID
117528988
Publisher
Elsevier Science
Year
1997
Tongue
English
Weight
140 KB
Volume
21
Category
Article
ISSN
0378-4266

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THE EFFICACY OF CENTRAL BANK INTERVENTIO
✍ Eria Hisali πŸ“‚ Article πŸ“… 2010 πŸ› John Wiley and Sons 🌐 English βš– 237 KB

## 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