An investigation into the effects of interventions in the foreign exchange market
Independent thesis Advanced level (degree of Master (Two Years)), 20 credits / 30 HE creditsStudent thesis
This paper covers research into the effects of interventions in the foreign exchange market on exchange rates, using a VAR model framework and interventions carried out by the Japanese and US central banks. The main attempt at contributing to existing literature is an investigation into if there is a difference in how effective central banks are in their interventions depending on whether the domestic currency is purchased or sold in the intervention. It also covers interventions of both types modeled together – not contributing with a new angle to the existing literature but complementing previous research on how effect expected and unexpected interventions may be.
Place, publisher, year, edition, pages
IdentifiersURN: urn:nbn:se:uu:diva-297483OAI: oai:DiVA.org:uu-297483DiVA: diva2:941995
Gottfries, Nils, Professor
Bengtsson, Niklas, Biträdande universitetslektor