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Working Paper

Systematic Intervention and Currency Risk Premia

SSRN Working Paper, Revise and resubmit at Journal of International Economics
03/2019
Marcel Fratzscher, Maik Schmeling, Lucio Sarno ...

Using data for the trades of 19 central banks intervening in currency markets, we show that leaning against the wind by individual...

Working Paper

Foreign exchange intervention: A new database

Kiel Working Papers
10/2020
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Marcel Fratzscher, Tobias Heidland, Lukas Menkhoff ...

We construct a novel database of monthly foreign exchange interventions for 49 countries over up to 22 years. We build on a text...

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