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The profitability of central bank foreign exchange market intervention

✍ Scribed by Keith Pilbeam


Book ID
114126126
Publisher
Elsevier Science
Year
2001
Tongue
English
Weight
152 KB
Volume
23
Category
Article
ISSN
0161-8938

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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