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The effect of intervention frequency on the foreign exchange market: The Japanese experience

✍ Scribed by Takeshi Hoshikawa

Book ID
116658877
Publisher
Elsevier Science
Year
2008
Tongue
English
Weight
229 KB
Volume
27
Category
Article
ISSN
0261-5606

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THE EFFICACY OF CENTRAL BANK INTERVENTIO
THE EFFICACY OF CENTRAL BANK INTERVENTION ON THE FOREIGN EXCHANGE MARKET: UGANDA'S EXPERIENCE
✍ 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