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@article{ART001529029},
author={전종병},
title={Noise Trading Channel and Timing of Effective Central Bank Intervention},
journal={Journal of Insurance and Finance},
issn={2384-3209},
year={2011},
volume={22},
number={1},
pages={109-136}

TY - JOUR
AU - 전종병
TI - Noise Trading Channel and Timing of Effective Central Bank Intervention
JO - Journal of Insurance and Finance
PY - 2011
VL - 22
IS - 1
PB - Korea Insurance Research Institute
SP - 109
EP - 136
SN - 2384-3209
AB - This study is to test if sterilized intervention by central banks in the foreign exchange market tends to be more effective when the timing of intervention is consistent with the noise‐trading or coordination channel hypothesis. For the test, I use a three‐regime threshold model and daily data on actual intervention by US and German central banks. The main finding is that if central banks choose the optimal timing in light of the trend‐chasing behaviors of noise traders, such strategic intervention can be more effective in countering the exchange rate trend.
KW - central bank intervention;noise trading channel;threshold model
DO -
UR -
ER -

전종병. (2011). Noise Trading Channel and Timing of Effective Central Bank Intervention. Journal of Insurance and Finance, 22(1), 109-136.

전종병. 2011, "Noise Trading Channel and Timing of Effective Central Bank Intervention", Journal of Insurance and Finance, vol.22, no.1 pp.109-136.

전종병 "Noise Trading Channel and Timing of Effective Central Bank Intervention" Journal of Insurance and Finance 22.1 pp.109-136 (2011) : 109.

전종병. Noise Trading Channel and Timing of Effective Central Bank Intervention. 2011; 22(1), 109-136.

전종병. "Noise Trading Channel and Timing of Effective Central Bank Intervention" Journal of Insurance and Finance 22, no.1 (2011) : 109-136.

전종병. Noise Trading Channel and Timing of Effective Central Bank Intervention. Journal of Insurance and Finance, 22(1), 109-136.

전종병. Noise Trading Channel and Timing of Effective Central Bank Intervention. Journal of Insurance and Finance. 2011; 22(1) 109-136.

전종병. Noise Trading Channel and Timing of Effective Central Bank Intervention. 2011; 22(1), 109-136.

전종병. "Noise Trading Channel and Timing of Effective Central Bank Intervention" Journal of Insurance and Finance 22, no.1 (2011) : 109-136.