173-185

• Απέργης, Νικόλαος

This paper proposes a technique which adjusts exchange rate series after taking into consideration that monetary authorities intervene in the foreign exchange market whenever it seems appropriate. The results demonstrate that the majority of intervention actions are successful, while they improve the forecasting capability of exchange rate movements.

• Economics and Business
• Computer and information sciences

• Economic policy
• Statistics

Περιέχει πίνακες, διαγράμματα και βιβλιογραφία, The author is grateful to an anonymous referee for his valuable comments.