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Author: | Saacke, P. |
Title: | Technical analysis and the effectiveness of central bank intervention |
Journal: | Journal of International Money and Finance
2002 : AUG, VOL. 21:4, p. 459-479 |
Index terms: | CENTRAL BANKS FOREIGN EXCHANGE TRADING |
Freeterms: | INTERVENTION |
Language: | eng |
Abstract: | Using daily data on foreign exchange interventions of both the Bundesbank and the Fed the authors provide further evidence that central banks earn profits with interventions and that technical trading rules are unusually profitable on days which interventions take place. |
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