Central Bank Forex Intervention Assessed in Continuous Time
This paper looks at some of the principal characteristics of foreign exchange intervention by central banks. The approach is novel in that virtually...
DP 123
News Effects in a High Frequency Model of the Sterling-Dollar Exchange Rate
This paper uses an extremely high frequency data set on the Dollar-Sterling exchange rate to investigate the impact of news events on the very short...
DP 119
National Fiscal Policy within EMU: The Fiscal Implications of Maastricht
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SP 45
The Draft Statute of the European System of Central Banks: A Commentary
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SP 37
The Clustering of Bid/Ask Prices and the Spread in the Foreign Exchange Market
Following Lawrence Harris' (1989b) study of price clustering in stock prices, we examine the smae phenomenon in the forex market. The pattern of...
DP 110
The Geographical Location of the Foreign Exchange Market; A Test of an 'Islands' Hypothesis
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DP 38
