haku: @author Montgomery, J. D. / yhteensä: 5
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| Tekijä: | Popper, H. Montgomery, J. D. |
| Otsikko: | Information sharing and central bank intervention in the foreign exchange market |
| Lehti: | Journal of International Economics
2001 : DEC, VOL. 55:2, p. 295-316 |
| Asiasana: | CENTRAL BANKS FOREIGN EXCHANGE MARKET INFORMATION |
| Kieli: | eng |
| Tiivistelmä: | This paper develops a model of information sharing among heterogeneously informed agents and it uses the model to examine a rationale for intervention in the foreign exchange market. The model shows that in a partially revealing rational expectations equilibrium, some agents can gain by sharing among themselves private information about transitory exchange rate disturbances. |
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