외환시장개입의 환율안정

목차

1. 서론

2. 환율변동의 원인과 외환시장개입

3. 외환시장개입과 환율 추세

4. 실증분석

5. 결론

본문내용

Journal of Applied Econometrics, vol.4, pp.1-21.
Dominguez, K., "The Informational Role of Official Foreign Exchange Intervention Operarations: The Signalling Hypothesis," in K. Dominguez, Exchange Rate Efficiency and the Behavior of International Asset Markets, New York: Gerland, 1992.
Dominguez, K., "Does Central Bank Intervention Increase the Volatility of Foreign Exchange Rates?" NBER Working Paper no. 4532, 1993.
Dominguez, K. and J. Frankel, "Does Foreign Exchange Intervention Matter? Disentangling the Portfolio and Expectations Effects," University of California, Berkeley, Center for International and Development Economics Research Working Paper no. c92-001, 1992.
Dominguez, K. and J. Frankel, Does Foreign Exchange Intervention Work? Institute for International Economics, 1993.
Edison, Hali J., "The Effectiveness of Central-Bank Intervention: A Survey of the Literature after 1982," Special Papers in International Economics, Princeton University, 1993.
Glick, Reuven, "Foreign Exchange Intervention and Sterilization Dynamics in Japan," presented at the Conference on 'International Financial Markets in Northeast Asia: Assessment and Prospects' sponsored by the Korea Development Institute and the Seoul National University on May 26-27, 1994.
Huang, Juann H., "Intervention Strategies and Exchange Rate Volatility: A Noise Trading Perspective," Federal Reserve Bank of New York Research Paper no.9515, 1995.
Jurgenson, P., Report of the Working Group on Exchange Market Intervention, Washington: Treasury Department, 1983.
Klein, Michael W. and Eric Rosengren, "Foreign Exchange Intervention as a Signal of Monetary Policy," New England Economic Review, May/June 1991, pp. 39-50.
Lastrapes, William D., "Exchange Rate Volatility and U.S. Monetary Policy: An ARCH Application," Journal of Money, Credit and Banking, vol.21, no.1, 1989, pp.66-77.
Lee, S.H., "The Effects of Central Bank Intervention in Korea: By Exchange Rate System and Monetary Credibility," Ph.D. Dissertation, American University, 1996.
Loopesko, Bonnie, "Relationships among Exchange Rates, Intervention, and Interest Rates: An Empirical Investigation," Journal of International Money and Finance, vol.3, 1984, pp.257-277.
Rhee, Yeongseop and Chi-Young Song, "Exchange Rate Policy and Effectiveness of Intervention: The Case of Korea," presented at the International Conference on Exchange Rate Policies in Emerging Asian Countries: Domestic and International Aspects, November 15-16, 1996, Seoul.
Roger, S., "The Management of Foreign Exchange Reserves," BIS Economic Papers, No. 28, 1993.
Takagi, Shinji, "Foreign Exchange Market Intervention and Domestic Monetary Control in Japan, 1973-89," Japan and the World Economy, vol.3, 1991, pp.147-180.
Watanabe, Tsutomu, "The Signalling Effect of Foreign Exchange Intervention: The Case of Japan," Paper presented at the Conference on Exchange Rate Policy in Pacific Basin Countries, sponsored by the Federal Reserve Bank of San francisco, Sep. 16-18, 1992.

키워드

외환시장개입,   환율안정,   환율변동,   국내경제,   경상수지악화