Intervention, Exchange-Rate Volatility, and the Stable Paretian Distribution

Bagshaw, Michael L.; Humpage, Owen F.

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Working Paper

Intervention, Exchange-Rate Volatility, and the Stable Paretian Distribution

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A look at whether the United States’ decision to cease intervention after March 1981 had a perceptible influence on the day-to-day behavior of exchange rates, using the stable paretian distribution.

07.01.1986WP 86-08

Suggested Citation

Bagshaw, Michael L., and Owen F. Humpage. 1986. “Intervention, Exchange-Rate Volatility, and the Stable Paretian Distribution.” Federal Reserve Bank of Cleveland, Working Paper No. 86-08.

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Intervention, Exchange-Rate Volatility, and the Stable Paretian Distribution

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