Intervention in Foreign Exchange Markets

"Clinton's Dollar Policy and The Effectiveness of Foreign Exchange Intervention," Revue d'Economie Financiere, Dec.1994, 125-137. Excerpted as "What Dollar Bashing?" The International Economy, May/June 1995, 14-15.

With Kathryn Dominguez: Does Foreign Exchange Intervention Work? (Peterson Institute for International Economics, Washington, D.C.; and Columbia University Press, NYC), 1993. "Does Foreign Exchange Intervention Matter? The Portfolio Effect" American Economic Review, 83, no. 5, Dec. 1993, 1356-69. Abridged version of CIDER WP No. C92-001, U.C. Berkeley. Reprinted in Foreign Exchange Intervention: Objectives and Effectiveness, Sylvester Eijffinger, ed. (Edward Elgar Publ.: UK), 1999. "Does Foreign Exchange Intervention Matter? Disentangling the Portfolio and Expectation Effects for the Mark," NBER WP No. 3299, 1990. February 1992. Appears in condensed form as "Foreign Exchange Intervention: An Empirical Assessment," chapter 16 in Frankel, On Exchange Rates (MIT Press, Cambridge MA), 1993.

With Kathryn Dominguez:

Does Foreign Exchange Intervention Work? (Peterson Institute for International Economics, Washington, D.C.; and Columbia University Press, NYC), 1993.

"Does Foreign Exchange Intervention Matter? The Portfolio Effect" American Economic Review, 83, no. 5, Dec. 1993, 1356-69. Abridged version of CIDER WP No. C92-001, U.C. Berkeley. Reprinted in Foreign Exchange Intervention: Objectives and Effectiveness, Sylvester Eijffinger, ed. (Edward Elgar Publ.: UK), 1999.

"Does Foreign Exchange Intervention Matter? Disentangling the Portfolio and Expectation Effects for the Mark," NBER WP No. 3299, 1990. February 1992. Appears in condensed form as "Foreign Exchange Intervention: An Empirical Assessment," chapter 16 in Frankel, On Exchange Rates (MIT Press, Cambridge MA), 1993.

"Concerted Interventions and the Dollar: An Analysis of Daily Data," comment on Catte, Galli and Rebecchini, in The International Monetary System in Crisis and Reform: Essays in Memory of Rinaldo Ossola, edited by P.Kenen, F.Papadia and F.Saccomani (Cambridge University Press, Cambridge UK), 1994, 242-247; and (in Italian) in Il Sistema Monetario Internationazionale tra Crisi e Riforme: Saggi in Memoria di Rinaldo Ossola (Societa Editrice il Mulino: Bologna), 434-443. UCB CIDER WP 93-013. ////