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UID:event-8810@www.amse-aixmarseille.fr
DTSTAMP:20260421T184109Z
CREATED:20260421T184109Z
LAST-MODIFIED:20260421T184109Z
STATUS:CONFIRMED
SEQUENCE:0
SUMMARY:finance seminar - Andrew Filardo
DTSTART:20220208T133000Z
DTEND:20220208T133000Z
DESCRIPTION:This paper develops a new approach for exploring the effectiven
 ess of foreign currency intervention. The approach focuses on long swings i
 n real exchange rates and their associated misalignments with respect to sh
 ort-\, medium-\, and long-run cycles in macroeconomic fundamentals for 26 a
 dvanced and emerging market economies\, spanning the period 1990q1-2018q2. 
 The evidence supports the hypothesis that central banks can lean effectivel
 y against short- misalignments of the real exchange rate from the level imp
 lied by macroeconomic fundamentals. The effectiveness of intervention rises
  with the size of the misalignment\, and with persistent one-sided interven
 tions\, as well as sales being more effective than purchases. \\n\\nContac
 t: Eric Girardin: eric.girardin[at]univ-amu.frChristelle Lecourt: christell
 e.lecourt[at]univ-amu.fr\n\nPlus d'informations: https://www.amse-aixmarsei
 lle.fr/en/events/andrew-filardo-0
URL;VALUE=URI:https://www.amse-aixmarseille.fr/en/events/andrew-filardo-0
CONTACT:Eric Girardin: eric.girardin[at]univ-amu.frChristelle Lecourt: chri
 stelle.lecourt[at]univ-amu.fr
TRANSP:OPAQUE
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