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Do Exchange Rates Respond to Day-to-Day Changes in Monetary Policy Expectations When No Monetary Policy Changes Occur?
expectations monetary policy Federal funds futures exchange rates
2011/8/21
This paper addresses whether exchange rates respond to changes in expectations of future U.S. monetary policy when no actual monetary policy changes occur. We employ data on Federal funds futures cont...
We use techniques from network science to study correlations in the foreign exchange (FX) market over the period 1991–2008. We consider an FX market network in which each node represents an exchange r...