Modelling Foreign Exchange Interventions under Rayleigh Process: Applications to Swiss Franc Exchange Rate Dynamics

This paper models the foreign exchange intervention policy following the Rayleigh process derived from the standard flexible-price monetary framework. The exchange rate dynamics associated with the interventions are more sensitive to the change in the economic fundamental when a currency’s money sup...

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Detalles Bibliográficos
Autores principales: Hui, Cho-Hoi, Lo, Chi-Fai, Liu, Chi-Hei
Formato: Online Artículo Texto
Lenguaje:English
Publicado: MDPI 2022
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9320422/
https://www.ncbi.nlm.nih.gov/pubmed/35885111
http://dx.doi.org/10.3390/e24070888

Internet

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9320422/
https://www.ncbi.nlm.nih.gov/pubmed/35885111
http://dx.doi.org/10.3390/e24070888

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