• The impact of FX Central Bank Intervention in a Noise Trading Framework 

      Beine, Michel; De Grauwe, Paul; Grimaldi, Marianna (CME Working paper series;2/2006, Working paper, 2006)
      In this paper, we investigate the effects of central bank interventions (CBI) in a noise trading model with chartists and fundamentalists. We first estimate a model in which chartists extrapolate past returns and ...