THE EFFICACY OF CENTRAL BANK INTERVENTIO
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Eria Hisali
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Article
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2010
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John Wiley and Sons
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English
β 237 KB
## Abstract This paper employs conditional probabilities generated from a homogenous twoβstate 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