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المجلد |
مجلة جامعة الأزهر , سلسلة العلوم الإنسانية , يناير 2006 , مجلد8, عدد1 |
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تاريخ النشر |
2006 |
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عنوان البحث |
Assessing the impact of central bank intervention on exchange rate: New evidence from intervention modeling |
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ملخص البحث |
Recently, only econometric models like GARCH and EGARCH investigated the instant effects of central banks interventions. Humpage (2000) investigates the intervention policy of the Federal Reserve Bank of the USA in the period 23 September-31 December, 1985 by using a non-parametric test suggested by Merton (Journal of Business, 1981). In this paper, I rely on a new strategy implied by the intervention modeling that outperforms the used non-parametric test one. This methodology is considered a very important tool; it leads to evaluating the instant and dynamic effects in long term and for avoiding future economic shocks. As far as my knowledge, this is the first study investigating the effects of foreign exchange market interventions on the exchange rate by using the intervention modeling |
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لغة البحث |
ENGLISH |
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الباحثون |
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ملف مرفق |
بحث د. عبدالله الهبيل.pdf |
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