Optimal central bank intervention in the foreign exchange market

Article Abstract:

A currency with exchange rate dynamics modeled as a geometric Brownian motion was studied. Given the central bank's objective of keeping the exchange rate as close as possible to a given target, a running cost was linked to the difference between the target and the exchange rate. Also, fixed and proportional costs associated with each intervention were made part of the study to find the optimal level of intervention. The use of the theory of stochastic impulse controls solved the given problem.

Economic aspects, Prices and rates, Foreign exchange, Foreign exchange rates, Central banks, Monetary policy

---

Management turnover in subsidiaries of conglomerates versus stand-alone firms

Article Abstract:

Comparison between the turnover of subsidiary managers in conglomerate firms and CEO of comparable stand-alone firms showed that the subsidiary manager turnover is affected by changes in performance and their turnover increases due to poor performance. Results also indicate the existence of differences in the disciplinary actions for the managers and the CEOs.

United States, Management dynamics, Management, Conglomerate corporations, Comparative analysis, Company business management, Employee turnover, Labour turnover

---

Similar abstracts:

• Abstracts: Central bank intervention and trading rule profits in foreign exchange markets. Price and trade effects of exchange rate fluctuations and the design of policy coordination
• Abstracts: On biases in the measurement of foreign exchange risk premiums. part 2 Profits and position control: a week of FX dealing
• Abstracts: Directional accuracy tests of long-term interest rate forecasts. Accurace, usefulness and the evaluation of analysts' forecasts
• Abstracts: Directional accuracy tests of long-term interest rate forecasts. part 2 Predicting discrete outcomes with the maximum score estimator: the case of the NCAA men's basketball tournament
• Abstracts: The value of waiting: Russia's integration into the international capital markets. Foreign direct investment in Central and Eastern European countries: a dynamic panel analysis

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.