Does Central Bank Intervention Increase the Volatility of Foreign Exchange Rates?
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Since the abandonment of the Bretton Woods system of fixed exchange rates in the early 1970s, exchange rates have displayed a surprisingly high degree of time-conditional volatility. This volatility can be explained statistically using autoregressive conditional heteroscedasticity models, but there
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美国国家经济研究局创建时间:
1993-11-01



