The impact of central bank intervention on exchange-rate forecast heterogeneity

Prices of State-Contingent Claims Implicit in Option Prices

1978 • 2,268 citations

Social Value of Public Information

2002 • 1,905 citations

Official Intervention in the Foreign Exchange Market: Is It Effective and, If So, How Does It Work?

2001 • 825 citations

Currency traders and exchange rate dynamics: a survey of the US market

2001 • 549 citations

Central bank intervention and exchange rate volatility

1998 • 447 citations

FOREIGN EXCHANGE RATE EXPECTATIONS: MICRO SURVEY DATA

2003 • 393 citations

The Effectiveness of Central-Bank Intervention: A Survey of the Literature After 1982

1993 • 373 citations

Does foreign exchange intervention work?

1995 • 310 citations

The market microstructure of central bank intervention

2002 • 294 citations

The role of official intervention

1981 • 275 citations

Does Foreign Exchange Intervention Work

1993 • 256 citations

Central bank intervention and the volatility of foreign exchange rates: evidence from the options market

1996 • 248 citations

Why do central banks intervene?

1997 • 219 citations

Understanding Exchange Rate Volatility Without the Contrivance of Macroeconomics

1999 • 207 citations

Is Foreign Exchange Intervention Effective?: The Japanese Experiences in the 1990s

2002 • 186 citations

Intervention strategies and exchange rate volatility: a noise trading perspective

1997 • 185 citations

FX Trading and Exchange Rate Dynamics

2002 • 179 citations

Central bank intervention and foreign exchange rates: new evidence from FIGARCH estimations

2002 • 166 citations

Central bank intervention and risk in the forward market

1997 • 156 citations

Currency forecasters are heterogeneous: confirmation and consequences

1996 • 155 citations

U.S. Intervention: Assessing the Probability of Success

1999 • 149 citations

The advantage to hiding one's hand: Speculation and central bank intervention in the foreign exchange market

1997 • 147 citations

The practice of central bank intervention: looking under the hood

2000 • 139 citations

Effectiveness of official daily foreign exchange market intervention operations in Japan

2006 • 124 citations

Sterilised central bank intervention in the foreign exchange market

1999 • 115 citations

Central bank intervention and exchange rate volatility — Australian evidence

2000 • 115 citations

Dollar adjustment : how far? against what?

2004 • 111 citations

Foreign exchange market intervention and expectations: The yen/dollar exchange rate

2005 • 109 citations

Heterogeneous expectations and tests of efficiency in the yen/dollar forward exchange rate market

1999 • 109 citations

Official central bank interventions and exchange rate volatility: Evidence from a regime-switching analysis

2002 • 108 citations

The effects of Japanese foreign exchange market interventions on the yen/U.S. dollar exchange rate volatility

2004 • 106 citations

Technical analysis and central bank intervention

2001 • 99 citations

Direct Foreign Investments and Productivity Growth in Hungarian Firms, 1992-1999

2001 • 96 citations

Government Intervention and Adverse Selection Costs in Foreign Exchange Markets

2000 • 91 citations

FDI and the Opening Up of China's Economy

2000 • 89 citations

Effet frontière, intégration économique et « Forteresse Europe »

2002 • 87 citations

Foreign Direct Investment and the Prospects for Tax Co-Ordination in Europe

2000 • 78 citations

Communication and Exchange Rate Policy

2004 • 73 citations

Models of exchange rate expectations: how much heterogeneity?

2003 • 66 citations

Perceived Central Bank Intervention and Market Expectations: An Empirical Study of the Yen/Dollar Exchange Rate, 1993-96

1999 • 63 citations

Conditional covariances and direct central bank interventions in the foreign exchange markets

2003 • 62 citations

The Market Microstructure of Central Bank Intervention

1999 • 59 citations

Intervention from an information perspective

2000 • 58 citations

Optimal Degree of Public Information Dissemination

2004 • 54 citations

Information sharing and central bank intervention in the foreign exchange market

2001 • 46 citations

The Convergence of Automobile Prices in the European Union: an Empirical Analysis for the Period 1993-1999

2000 • 42 citations

Reported and secret interventions in the foreign exchange markets

2004 • 41 citations

Central bank FOREX interventions assessed using realized moments

2007 • 38 citations

Microstructure Theory and the Foreign Exchange Market

1991 • 37 citations

Effectiveness of Official Daily Foreign Exchange Market Intervention Operations in Japan

2003 • 36 citations

Consumption Habit and Equity Premium in the G7 Countries

2000 • 35 citations

Interpreting Tests of Forward Discount Bias Using Survey Data on Exchange Rate Expectations

1986 • 32 citations

EXCHANGE RATE SURVEY DATA: A DISAGGREGATED G‐7 PERSPECTIVE

1992 • 31 citations

The International Monetary Fund and the International Financial Architecture

2000 • 30 citations

Post–Plaza intervention in the DEM/USD exchange rate

2002 • 29 citations

Do Options-Implied Rnd Functions on G3 Currencies Move Around the Times of Interventions on the Jpy/Usd Exchange Rate?

2004 • 28 citations

Central bank interventions and exchange rate band regimes

2001 • 27 citations

The accuracy of press reports regarding the foreign exchange interventions of the Bank of Japan

2003 • 27 citations

Some tests of market microstructure hypotheses in the foreign exchange market

1997 • 25 citations

Central Bank Forex Interventions Assessed Using Realized Moments

2004 • 25 citations

The Yen-Dollar Rate: Have Interventions Mattered?

2000 • 24 citations

Impacts économiques et sociaux de l'élargissement pour l'Union européenne et la France

2002 • 22 citations

Capital Stock and Productivity in French Transport: An International Comparison

2002 • 22 citations

Economie de la transition : le dossier

2001 • 20 citations

The Role of External Variables in the Chinese Economy

1999 • 17 citations

Models of Exchange Rate Expectations: Heterogeneous Evidence from Panel Data

1999 • 16 citations

La gestion des crises de liquidité internationale : logique de faillite, prêteur en dernier ressort et conditionnalité

2022 • 15 citations

Pouvoir prédictif de la volatilité implicite dans le prix des options de change

2001 • 13 citations

Volatility expectations and asymmetric effects of direct interventions in the FX market

2003 • 11 citations

Intervention in the Foreign Exchange Market in a Model with Noise Traders

2003 • 10 citations

The Fiscal Stabilization Policy under EMU - An Empirical Assessment

2001 • 10 citations

Intervention in the Foreign Exchange Market in a Model with Noise Traders

2003 • 9 citations

The Effects of Foreign Exchange Market Interventions of the Bank of Japan on the $/Yen Exchange Rate Volatility

2002 • 5 citations

The Interventions of the European Central Bank: Effects, Effectiveness, and Policy Implications

2001 • 5 citations