Excess returns and official intervention: Some cross country evidence
Document Type
Article
Publication Date
1-1-1994
Abstract
This paper presents a simple model of foreign exchange market intervention which shows that such intervention introduces positive structure into exchange rate changes. Evidence linking this structure to observable filter rule profits is also provided. © 1994 Chapman & Hall Ltd. All rights reserved.
Publication Title
Applied Economics
Recommended Citation
Davutyan, N.
(1994).
Excess returns and official intervention: Some cross country evidence.
Applied Economics,
26(1), 35-40.
http://doi.org/10.1080/00036849400000059
Retrieved from: https://digitalcommons.mtu.edu/michigantech-p/9073
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