Costs of forex intervention - evidence from Sweden

ARTICLE - Boo Sjoo from Gothenburg University and Richard Sweeney from Georgetown University have published an article "The foreign-exchange costs of central bank intervention: evidence from Sweden" in the latest issue of Journal of International Money and Finance. The study supports the view that the Riksbank did not make risk-adjusted losses as a result of its foreign exchange intervention in the period 1986-1990.

AUTHORS' ABSTRACT

This study presents evidence on risk-adjusted profits for the

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