The Resource Do Changes in Reserves Proxy Well for Official Intervention?
Do Changes in Reserves Proxy Well for Official Intervention?
Resource Information
The item Do Changes in Reserves Proxy Well for Official Intervention? represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in Bates College.This item is available to borrow from 1 library branch.
Resource Information
The item Do Changes in Reserves Proxy Well for Official Intervention? represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in Bates College.
This item is available to borrow from 1 library branch.
- Summary
- The study of foreign exchange intervention has been slowed by the traditional reluctance of central banks to release intervention data to researchers. To circumvent the lack of actual intervention data, researchers often have used publicly available foreign exchange reserves data to proxy for the confidential intervention data. Little research has been done, however, to compare the characteristics of reserves and intervention. In this article, the author addresses that issue by using time-series techniques and measures of correlation to compare American, Swiss, and German monthly intervention and reserves series. Although the raw correlations are modest, ranging from about 0.12 to 0.42, some simple adjustments for seasonality and ERM realignments can increase the correlations in the Swiss and German data. More sophisticated adjustment techniques would be difficult and time-consuming
- Note
- 1229
- Label
- Do Changes in Reserves Proxy Well for Official Intervention?
- Title
- Do Changes in Reserves Proxy Well for Official Intervention?
- Summary
- The study of foreign exchange intervention has been slowed by the traditional reluctance of central banks to release intervention data to researchers. To circumvent the lack of actual intervention data, researchers often have used publicly available foreign exchange reserves data to proxy for the confidential intervention data. Little research has been done, however, to compare the characteristics of reserves and intervention. In this article, the author addresses that issue by using time-series techniques and measures of correlation to compare American, Swiss, and German monthly intervention and reserves series. Although the raw correlations are modest, ranging from about 0.12 to 0.42, some simple adjustments for seasonality and ERM realignments can increase the correlations in the Swiss and German data. More sophisticated adjustment techniques would be difficult and time-consuming
- http://library.link/vocab/creatorName
-
- Neely, Christopher J
- Inter-university Consortium for Political and Social Research [distributor]
- Label
- Do Changes in Reserves Proxy Well for Official Intervention?
- Note
- 1229
- Control code
- ICPSR01229.v1
- Governing access note
- Access restricted to subscribing institutions
- Label
- Do Changes in Reserves Proxy Well for Official Intervention?
- Note
- 1229
- Control code
- ICPSR01229.v1
- Governing access note
- Access restricted to subscribing institutions
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.bates.edu/portal/Do-Changes-in-Reserves-Proxy-Well-for-Official/b731yNvvyno/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.bates.edu/portal/Do-Changes-in-Reserves-Proxy-Well-for-Official/b731yNvvyno/">Do Changes in Reserves Proxy Well for Official Intervention?</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.bates.edu/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.bates.edu/">Bates College</a></span></span></span></span></div>
