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Central bank intervention in the foreign exchange market and interest rate policy in Jamaica : signaling of leaning against the wind

By: Material type: TextTextPublication details: [Caribbean Centre for Money & Finance] [St. Augustine]TT 2008Description: [18] pAction note:
  • 6/9/09 JOYD
Summary: Investigates in a multivariate GARCH framework whether dierect intervention 'signals' the future interest rate policy stance of the Central Bank or whether interest rate policy decisions induce interventions designed to 'lean against the wind' of exchange trends in jamaice.
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Monograph CARICOM Documentation Centre 11.02.01 M742se(2008) (Browse shelf(Opens below)) Available 0000000028118

Investigates in a multivariate GARCH framework whether dierect intervention 'signals' the future interest rate policy stance of the Central Bank or whether interest rate policy decisions induce interventions designed to 'lean against the wind' of exchange trends in jamaice.

6/9/09 JOYD

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