Is foreign exchange intervention by central banks bad news for debt markets?: A case of Reserve Bank of Australia's interventions 1986–2003

Almekinders, 1996, A friction model of daily Bundesbank and Federal Reserve intervention, Journal of Banking and Finance, 20, 1365, 10.1016/0378-4266(96)00002-7

Baillie, 1997, Why do central banks intervene?, Journal of International Money and Finance, 16, 909, 10.1016/S0261-5606(97)00012-0

Baillie, 1997, Central bank intervention and risk in the forward market, Journal of International Economics, 43, 483, 10.1016/S0022-1996(97)00015-9

Bank for Internationa Settlement (BIS), 2004. Triennial central bank survey of foreign exchange and derivatives market activity in April 2004 BIS.

Becker, C., Sinclair, M., 2004. Profitability of Reserve Bank foreign exchange operations: twenty years after the float Reserve Bank of Australia Research Discussion Paper 2004–2006 September 2004.

Beine, 2004, Conditional covariances and direct central bank interventions in the foreign exchange markets, Journal of Banking and Finance, 28, 1385, 10.1016/S0378-4266(03)00124-9

Beine, 2004, Have sequential interventions of central banks in foreign exchange been effective?, De Economist, 152, 297

Bonser-Neal, 1996, Central bank intervention and the volatility of foreign exchange rates: evidence from the options market, Journal of International Money and Finance, 15, 853, 10.1016/S0261-5606(96)00033-2

Chang, 1998, Intraday effects of foreign exchange intervention by the Bank of Japan, Journal of International Money and Finance, 17, 191, 10.1016/S0261-5606(97)00056-9

Dominguez, 1998, Centralbank intervention and exchange rate volatility, Journal of International Money and Finance, 17, 161, 10.1016/S0261-5606(97)98055-4

Dominguez, 2003, The market microstructure of central bank intervention, Journal of International Economics, 59, 25, 10.1016/S0022-1996(02)00091-0

Edison, H., Cashin, P.A., Liang, H., 2003. Foreign exchange intervention and the Australian dollar: has it mattered? International Monetary Fund IMF Working Papers: 03/99.

Engle, 1993, Measuring and testing the impact of news on volatility, Journal of Finance, XLVIII, 1749, 10.2307/2329066

Fatum, 1999, Is intervention a signal of future monetary policy? Evidence from the Federal funds futures market, Journal of Money, Credit, and Banking, 31, 54, 10.2307/2601139

Fischer, A.M., 2003. Reuters news reports versus official interventions: a cautionary warning Working Paper, September 2003.

Fischer, 2004, Are Interventions self exciting?, Open Economies Review, 15, 223, 10.1023/B:OPEN.0000037698.89816.a1

Frenkel, 2005, The effects of Japanese foreign exchange market interventions on the Yen/US dollar exchange rate volatility, International Review of Economics and Finance, 14, 27, 10.1016/j.iref.2003.09.003

Galati, G., Melick, W., 2002. Central bank intervention and market expectations BIS Papers 10, April.

Kearns, 2005, Identifying the efficacy of central bank intervention: evidence from Australia and Japan, Journal of International Economics, 66, 31, 10.1016/j.jinteco.2004.05.001

Kim, 2000, Central bank intervention and exchange rate volatility-Australian evidence, Journal of International Financial Markets, Institutions and Money, 10, 381, 10.1016/S1042-4431(00)00027-5

Kim, 2002, The determinants of foreign exchange intervention by central banks: evidence from Australia, Journal of International Money and Finance, 21, 619, 10.1016/S0261-5606(02)00011-6

Kim, S.-J., Sheen, J., 2005. Interventions in the Yen–Dollar Spot Market: a story of price, volatility and volume SSRN Working paper, http://ssrn.com/abstract=680981.

Lewis, 1995, Occasional intervention to target rates, American Economic Review, 84, 691

Lyons, 2001

McKenzie, 2004, An empirical examination of the relationship between central bank intervention and exchange rate volatility: some Australian evidence, Australian Economic Papers, 43, 59, 10.1111/j.1467-8454.2004.00216.x

Neely, 1998, Technical analysis and the profitability of US foreign exchange intervention, Federal Reserve Bank of St. Louis Review, 80, 3

Neely, 2001, The practice of central bank intervention: looking under the hood, Federal Reserve Bank of St. Louis Review, 83, 1

Payne, 2003, A transaction level study of the effects of central bank intervention on exchange rates, Journal of International Economics, 61, 331, 10.1016/S0022-1996(03)00012-6

Peiers, 1997, Informed traders, intervention, and price leadership: a deeper view of the microstructure of the foreign exchange market, Journal of Finance, 52, 1589, 10.2307/2329448

Rankin, B., 1998. The exchange rate and the Reserve Bank's role in the foreign exchange market http: //www. rb a. gov. au/Education/exchange_rate. html ?printabl e=true.

Rogers, 2003, Foreign exchange market intervention in two small open economies: the Canadian and Australian experience, Journal of International Money and Finance, 22, 393, 10.1016/S0261-5606(03)00014-7

Vitale, 2003, Foreign exchange intervention: how to signal policy objectives and stabilize the economy, Journal of Monetary Economics, 50, 841, 10.1016/S0304-3932(03)00039-4