DIW Berlin: Publikationssuche

Publikationssuche

clear
14 Ergebnisse, ab 1
DIW Wochenbericht 18 / 2019

Globale Verantwortung: Erneuerbare Energien, Klima, Migrationsdruck: Berichte

2019| Claudia Kemfert, Lukas Menkhoff, Karsten Neuhoff, Jörn Richstein, Tobias Stöhr, Vera Zipperer
DIW Wochenbericht 44 / 2017

Zentralbanken sollten ihre Intervention am Devisenmarkt mit Kommunikation begleiten

Zentralbanken, zum Beispiel die schweizerische und die zahlreicher Schwellenländer, intervenieren häufig an Devisenmärkten. Es ist jedoch nicht unmittelbar festzustellen, ob diese Interventionen wirksam sind. Mittels anerkannter Kriterien analysiert

2017| Lukas Menkhoff, Tobias Stöhr
DIW Wochenbericht 18 / 2017

Devisenmarktinterventionen: Ein häufig genutztes und wirksames Instrument

Intervenieren Zentralbanken häufig auf Devisenmärkten, um Wechselkurse zu beeinflussen? Falls ja, ist das effektiv? Aus deutscher Perspektive mögen diese Fragen überraschen: Die Europäische Zentralbank interveniert praktisch nicht auf Devisenmärkten,

2017| Lukas Menkhoff, Tobias Stöhr
DIW Weekly Report 16/17/18 / 2019

Global Responsibilities: Renewable Energies, Climate Policy, Migratory Pressure: Reports

2019| Claudia Kemfert, Lukas Menkhoff, Karsten Neuhoff, Jörn Richstein, Tobias Stöhr, Vera Zipperer
DIW Economic Bulletin 44 / 2017

Central Banks Should Communicate Their Interventions in the Foreign Exchange Market

Central banks frequently intervene in foreign exchange markets. Using recognized criteria this report analyzes the probability of success in a data set of 4,500 intervention episodes in 33 countries. It is important to differentiate among exchange ..

2017| Lukas Menkhoff, Tobias Stöhr
DIW Economic Bulletin 18/19 / 2017

Foreign Exchange Market Interventions: A Frequently Used and Effective Tool

Is it common for central banks to intervene in foreign exchange markets in order to influence exchange rates? And if so, is it effective? From a German perspective, these questions seem surprising, since the European Central Bank (ECB) does not ...

2017| Lukas Menkhoff, Tobias Stöhr
Diskussionspapiere 1518 / 2015

When Is Foreign Exchange Intervention Effective? Evidence from 33 Countries

This study examines foreign exchange intervention based on novel daily data covering 33 countries from 1995 to 2011. We find that intervention is widely used and an effective policy tool, with a success rate in excess of 80 percent under some ...

2015| Marcel Fratzscher, Oliver Goede, Lukas Menkhoff, Lucio Sarno, Tobias Stöhr
Externe referierte Aufsätze

When Is Foreign Exchange Intervention Effective? Evidence from 33 Countries

This paper examines foreign exchange intervention based on novel daily data covering 33 countries from 1995 to 2011. We find that intervention is widely used and an effective policy tool, with a success rate in excess of 80 percent under some ...

In: American Economic Journal: Macroeconomics 11 (2019), 1, S. 132-156 | Marcel Fratzscher, Oliver Gloede, Lukas Menkhoff, Lucio Sarno, Tobias Stöhr
Externe referierte Aufsätze

Heterogeneous Immigrants, Exports and Foreign Direct Investment: The Role of Language Skills

We investigate the interplay of language skills and immigrant stocks in determining bilateral FDI outstocks of OECD reporting countries. Applying a Poisson panel estimator to 2004–11 data, we find robust evidence for a positive effect of bilateral ..

In: The World Economy 41 (2018), 6, S. 1529-1548 | Matthias Lücke, Tobias Stöhr
Monographien

Systematic Intervention and Currency Risk Premia

Using data for the trades of 19 central banks intervening in currency markets, we show that leaning against the wind by individual central banks leads to "systematic intervention" in the aggregate central banking sector. This systematic intervention

SSRN, 2018, 48 S. : Anh.
(SSRN Papers)
| Marcel Fratzscher, Lukas Menkhoff, Lucio Sarno, Maik Schmeling, Tobias Stöhr
14 Ergebnisse, ab 1