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A simple model of the welfare effects of central bank intervention in the foreign exchange market

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  • Frank McCormick

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  • Frank McCormick, 1979. "A simple model of the welfare effects of central bank intervention in the foreign exchange market," International Finance Discussion Papers 147, Board of Governors of the Federal Reserve System (U.S.).
    • Handle: RePEc:fip:fedgif:147
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    References listed on IDEAS

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    1. Stephen W. Salant, 1974. "Profitable speculation, price stability, and welfare," International Finance Discussion Papers 54, Board of Governors of the Federal Reserve System (U.S.).
    2. Michael P. Dooley & Jeffrey R. Shafer, 1976. "Analysis of short-run exchange behavior: March, 1993 to September, 1975," International Finance Discussion Papers 76, Board of Governors of the Federal Reserve System (U.S.).
    3. J. E. Meade, 1949. "Degrees of Competitive Speculation," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 17(3), pages 159-167.
    4. Johnson, Harry G, 1976. "Destabilizing Speculation: A General Equilibrium Approach," Journal of Political Economy, University of Chicago Press, vol. 84(1), pages 101-108, February.
    5. Ian H Giddy & Gunter Dufey, 1975. "The Random Behavior of the Flexible Exchange Rates: Implications for Forecasting," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 6(1), pages 1-32, March.
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