【第一篇論文】
Aizenman, J., and Marion, N., 2003. The high demand for international reserves in the Far East: What’s going on? Journal of the Japanese and International Economies, 17, 370-400.
Baillie, R. T., Humpage, O. F., and Osterberg, W. P., 2000. Intervention from an information perspective. Journal of International Financial Markets, Institutions and Money, 10(3), 407-421.
Bernanke, B. S., 2010. Rebalancing the Global Recovery. Sixth European Central Bank Central Banking Conference, Washington: Board of Governors of the Federal Reserve System.
Bird, G., and Rajan, R. S., 2003. Too much of a good thing? The adequacy of international reserves in the aftermath of crises. The World Economy, 26(6), 873-891.
Bordo, M. D., Humpage, O. F., and Schwartz, A. J., 2012a. Epilogue: Foreign Exchange Market Operations in the Twenty-First Century. National Bureau of Economic Research, working paper.
Bordo, M. D., Humpage, O. F., and Schwartz, A. J., 2012b.The Federal Reserve as an Informed Foreign Exchange Trader: 1973-1995, International Journal and Central Banking, 8(1), 127-160.Chang, Y., and Taylor, S. J., 1998. Intraday effects of foreign exchange intervention by the Bank of Japan. Journal of International Money and Finance, 17(1), 191-210.Chen, S. S., 2011. Currency manipulation policy in emerging foreign exchange markets. National Taiwan University, working paper.
Cook, D., and Yetman, J., 2012. Expanding central bank balance sheets in emerging Asia: a compendium of risks and some evidence. Bank of International Settlements Working Papers No. 66.
Disyatat, P., and Galati, G., 2007. The effectiveness of foreign exchange intervention in emerging market countries: Evidence from the Czech koruna. Journal of International Money and Finance, 26(3), 383-402.
Domaç, I., and Mendoza, A., 2004. Is there room for foreign exchange interventions under an inflation targeting framework? Evidence from Mexico and Turkey. Working Paper.
Dominguez, K. M., 1998. Central bank intervention and exchange rate volatility. Journal of International Money and Finance, 17(1), 161-190.Dominguez, K. M., 2003. The market microstructure of central bank intervention. Journal of International Economics, 59(1), 25-45.Dominguez, K. M., 2006. When do central bank interventions influence intra-daily and longer-term exchange rate movements? Journal of International Money and Finance, 25(7), 1051-1071.
Dominguez, K. M., and Frankel, J. A., 1990. Does foreign exchange intervention work? Washington, DC:Institute for International Economics.
Dominguez, K. M., and Frankel, J. A., 1993. Does foreign-exchange intervention matter? The portfolio effect. The American Economic Review, 1356-1369.
Dominguez, K. M., Fatum, R., and Vacek, P., 2013. Do sales of foreign exchange reserves lead to currency appreciation? Journal of Money, Credit and Banking, vol. 45(5), 867-890.
Edison, H. J., 1993. The effectiveness of central-bank intervention: a survey of the literature after 1982 (Vol. 18). International Finance Section, Department of Economics, Princeton University.
Fatum, R., 2008. Daily effects of foreign exchange intervention: Evidence from official Bank of Canada data. Journal of International Money and Finance, 27(3), 438-454.
Fatum, R., and Hutchison, M. M., 1999. Is intervention a signal of future monetary policy? Evidence from the federal funds futures market. Journal of Money, Credit and Banking, 31, 54-69.
Fatum, R., and Hutchison, M. M., 2002. ECB foreign exchange intervention and the EURO: Institutional framework, news, and intervention. Open economies review, 13, 413-425.
Fatum, R., and Hutchison, M. M., 2003. Is sterilised foreign exchange intervention effective after all? An event study approach. The Economic Journal, 113, 390-411.
Fatum, R., and Hutchison, M. M., 2006. Effectiveness of official daily foreign exchange market intervention operations in Japan. Journal of International Money and Finance, 25, 199-219.
Fatum, R., and Hutchison, M. M., 2010. Evaluating foreign exchange market intervention: Self-selection, counterfactuals and average treatment effects. Journal of International Money and Finance, 29, 570-584.
Fischer, A. M., 2006. On the inadequacy of newswire reports for empirical research on foreign exchange interventions. Journal of International Money and Finance, 25, 1226-1240.
Goral, A., and Arora, S., 2010. The Indian exchange rate and central bank action:A GARCH analysis, working paper.
Guimaraes, R. F., and Karacadag, C., 2004. The empirics of foreign exchange intervention in emerging market countries: The cases of Mexico and Turkey. IMF working paper 04/123.
Heckman, J. J., 1979. Sample selection bias as a specification error. Econometrica, 153-161.
Henriksson, R. D., and Merton, R. C., 1981. On Market Timing and Investment Performance. II. Statistical Procedures for Evaluating Forecasting Skills. Journal of Business, 54(4), 513-533.
Hua, M., and Gau, Y. F., 2006. Determinants of periodic volatility of intraday exchange rates in the Taipei FX Market. Pacific-Basin Finance Journal, 14(2), 193-208.
Humpage, 2013, The Limitations of Foreign-Exchange Intervention: Lessons from Switzerland, Federal Reserve Bank of Cleveland, Economic Commentary.
Humpage, O. F., 1999. U.S. Intervention: Assessing the Probability of Success. Journal of Money, Credit and Banking, 31, 731-747.
Humpage, O. F., 2003. Government Intervention in the Foreign Exchange Market. Federal Reserve Bank of Cleveland, working Paper.
Ito, T., 2005. Interventions and Japanese Economic Recovery. International Economics and Economic Policy, 2(2-3), 219-239.
Ito, T., and Yabu, T., 2007. What Prompts Japan to Intervene in the Forex Market? A New Approach to a Reaction Function. Journal of International Money and Finance, 26(2), 193–212.
Kaminsky, G. L., and Lewis, K. K., 1996. Does foreign exchange intervention signal future monetary policy? Journal of Monetary Economics, 37(2), 285-312.
Kearns, J., and Rigobon, R., 2005. Identifying the efficacy of central bank interventions: Evidence from Australia and Japan. Journal of International Economics, 66(1), 31-48.Leahy, M. P., 1995. The profitability of U.S. intervention in the foreign exchange markets. Journal of International Money and Finance, 14(6), 823-844.
Lewis, K. K., 1995. Are foreign exchange interventions and monetary policy related, and does it matter? Journal of Business, 68(2), 185-214.
Menkhoff, L., 2013. Foreign exchange intervention in emerging markets: A survey of empirical studies, working paper.
Merton, R. C., 1981. On Market Timing and Investment Performance. I. An Equilibrium Theory of Value for Market Forecasts. Journal of Business, 54, 363-406.
Neely, C. J., 2011. A foreign exchange intervention in an era of restraint. Federal Reserve Bank of St. Louis Review, 93(5), 303-324.
Pattanaik, S., and Sahoo, S., 2001. The effectiveness of intervention in India: An empirical assessment, Reserve Bank of India Occasional Papers, 22(1-3), 1-24.
Peiers, B., 1997. Informed traders, intervention, and price leadership: A deeper view of the microstructure of the foreign exchange market. Journal of Finance, 52(4), 1589-1614.
Reitz, S., and Taylor, M.P., 2008. The coordination channel of foreign exchange intervention: A nonlinear microstructural analysis. European Economic Review, 52(1), 55-76.Rincon, H., and Toro, J., 2010. Are capital controls and central bank intervention effective? Borradores de ECONOMIA Num. 625, Banco de la Republica, Colombia.
Sapp, S., 2002. Price leadership in the spot foreign exchange market. Journal of Financial and Quantitative Analysis, 37, 425–448.
Sarno, L., and Taylor, M. P., 2001. Official intervention in the foreign exchange market: Is it effective and, if so, how does it work? Journal of Economic Literature, 39, 839-868.
Tapia, M., and Tokman, A., 2004. Effects of foreign exchange intervention under public information: The Chilean case. Economia, 4, 215-256.
Taylor, M.P., 2005. Official foreign exchange intervention as a coordinating signal in the dollar-yen market. Pacific Economic Review, 10(1), 73-82.【第二篇論文】
張元晨, 2007. 銀行間新台幣兌美元外區交易流動性與交易成本的分析:台北與元太外區經紀公司的比較, 中山管理評論, 15, 299-322.
張興華, 2013. 從央行干預新聞分析台灣央行外匯市場干預與台幣匯率之關係, 證券市場發展季刊, 25, 95-112.陳旭昇, 2013. 央行 「阻升不阻貶」? 再探台灣匯率不對稱干預政策, 經濟論文叢刊, 11-22.
陳旭昇和吳聰敏, 2010. 台灣貨幣政策法則之檢視, 經濟論文, 38, 33-59.
Baillie, R. T., Humpage, O. F., and Osterberg, W. P., 2000. Intervention from an information perspective. Journal of International Financial Markets, Institutions and Money, 10(3), 407-421.
Bernanke, B. S., 2010. Rebalancing the Global Recovery, Sixth European Central Bank Central Banking Conference Frankfurt, Germany.
Bollerslev, T., 1986. Generalized autoregressive conditional heteroskedasticity, Jouarnal of Econometrics, 31, 307-327.
Bordo, M. D., Humpage, O. F., and Schwartz, A. J., 2012a. Epilogue: Foreign Exchange Market Operations in the Twenty-First Century. National Bureau of Economic Research, working paper.
Bordo, M. D., Humpage, O. F., and Schwartz, A. J., 2012b.The Federal Reserve as an Informed Foreign Exchange Trader: 1973-1995, International Journal and Central Banking, 8(1), 127-160.Chang, M. C., Suardi, S., and Chang, Y. 2014. Foreign exchange intervention in Asian countries: What determine the odds of success during the cedit crisis? working paper.
Chang, Y. and Taylor, S. J., 1998. Intraday effects of foreign exchange intervention by the Bank of Japan, Journal of International Money and Finance, 17, 191-210.
Chen, S. S., 2011. Currency manipulation policy in emerging foreign exchange markets, National Taiwan University, working paper.
Disyatat, P. and Galati, G., 2007. The effectiveness of foreign exchange intervention in emerging market countries: Evidence from the Czech koruna, Journal of International Money and Finance, 26, 383-402.
Domaç, I. and Mendoza, A., 2004. Is there room for foreign exchange interventions under an inflation targeting framework? Evidence from Mexico and Turkey, working Paper.
Dominguez, K. M., 1998. Central bank intervention and exchange rate volatility, Journal of International Money and Finance, 17, 161-190.
Dominguez, K. M., and Frankel, J. A., 1993. Does foreign exchange intervention work?Washington, DC:Institute for International Economics.
Dominguez, K. M., Fatum, R., and Vacek, P., 2013. Do sales of foreign exchange reserves lead to currency appreciation? Journal of Money, Credit and Banking, vol. 45(5), 867-890.
Engle, R. F. and Granger, C. W. J., 1987. Co-integration and error correction: representation, estimation, and testing, Econometrica, 55, 251-276.
Fatum, R. and Hutchison, M. M., 2002. ECB foreign exchange intervention and the EURO: Institutional framework, news, and intervention, Open economies review, 13, 413-425.
Fatum, R. and Hutchison, M. M., 2003. Is sterilised foreign exchange intervention effective after all? An event study approach, The Economic Journal, 113, 390-411.
Fatum, R. and Hutchison, M. M., 2006. Effectiveness of official daily foreign exchange market intervention operations in Japan, Journal of International Money and Finance, 25, 199-219.
Fatum, R. and Hutchison, M. M., 2010. Evaluating foreign exchange market intervention: Self-selection, counterfactuals and average treatment effects, Journal of International Money and Finance, 29, 570-584.
Fatum, R., 2008. Daily effects of foreign exchange intervention: Evidence from official Bank of Canada data, Journal of International Money and Finance, 27, 438-454.
Fischer, A. M., 2006. On the inadequacy of newswire reports for empirical research on foreign exchange interventions, Journal of International Money and Finance, 25, 1226-1240.
Gabriel Chodorow-Reich, 2014. The employment effects of credit market disruptions: Firm-level evidence from the 2008-9 financial crisis, The Quarterly Journal of Economics, 129, 1-59.
Gabriel Chodorow-Reich, 2014. The employment effects of credit market disruptions: Firm-level evidence from the 2008-9 financial crisis, The Quarterly Journal of Economics, 129, 1-59.
Goral, A., and Arora, S., 2010. The Indian exchange rate and central bank action:A GARCH analysis, working paper.
Hua, M. and Gau, Y., 2006. Determinants of periodic volatility of intraday exchange rates in the Taipei FX Market, Pacific-Basin Finance Journal, 14, 193-208.
Humpage, Owen F., 1999. U.S. Intervention: Assessing the Probability of Success, Journal of Money, Credit and Banking, 31, 731-747.
Johansen, S. and Juselius, K., 1990. Maximum likelihood estimation and inference on cointegration—With applications to the demand for money, Oxford Bulletin of Economics and Statistics, 52, 169–210.
Johansen, S., 1991. Estimation and hypothesis testing for cointegration vectors in Gaussian vector autoregressive models, Econometrica, 59, 1551–1580.
Kearns, J. and Rigobon, R., 2005. Identifying the efficacy of central bank interventions: Evidence from Australia and Japan, Journal of International Economics, 66, 31-48.
Kim, Minho, Szakmary, Andrew C., and Mathur, Ike, 2000. Price transmission dynamics between ADRs and their underlying foreign securities, Journal of Banking &; Finance, 24, 1359-1382.
Mathur, I., Gleason, K. C., and Singh, M., 1998. Did markets react efficiently to the 1994 Mexican peso crisis? Evidence from Mexican ADRS, Journal of Multinational Financial Management, 8, 39-48.
Menkhoff, L., 2012. Foreign exchange intervention in emerging markets: A survey of empirical studies, Working paper.
Menkhoff, L., 2013. Foreign exchange intervention in emerging markets: A survey of empirical studies, working paper.
Merton, Robert C., 1981. On Market Timing and Investment Performance. I. An Equilibrium Theory of Value for Market Forecasts, Journal of Business, 54, 363-406.
Park, J., 2001. Information flows between non-deliverable forward(NDF)and spot markets: Evidence from Korean currency, Pacific-Basin Finance Journal , 9, 363–377.
Pattanaik, S., and Sahoo, S., 2001. The effectiveness of intervention in India: An empirical assessment, Reserve Bank of India Occasional Papers, 22(1-3), 1-24.
Phillips, P. and Perron, P., 1988. Testing for a unit root in time series regression, Biometrica, 75, 335–346.
Rincon, H., and Toro, J., 2010. Are capital controls and central bank intervention effective? Borradores de ECONOMIA Num. 625, Banco de la Republica, Colombia.
Tapia, M. and Tokman, A., 2004. Effects of foreign exchange intervention under public information: The Chilean case, Economia, 4, 1-42.
【第三篇論文】
Arquette, Gregory C., William O. Brown, Jr., and Richard C. K. Burdekin, 2008. US ADR and Hong Kong H-share discounts of Shanghai-listed firms, Journal of Banking &; Finance, 32, 1916–1927.
Bae, Sung C., Kwon, T. H., and Li, M., 2008. Foreign exchange rate exposure and risk premium in international investments: Evidence from American depositary receipts, Journal of Multinational Financial Management, 18, 165-179.
Bailey, W., Chan, K., and Chung, Y. P., 2000. Depositary Receipts, Country Funds, and the Peso crash: The intraday evidence, The Journal of Finance, 6, 2693-2717.
Bernanke, B. S., 2010. Rebalancing the Global Recovery, Sixth European Central Bank Central Banking Conference Frankfurt, Germany.
Bollerslev, T., 1986. Generalized autoregressive conditional heteroskedasticity, Jouarnal of Econometrics, 31, 307-327.
Chang, Y. and Taylor, S. J., 1998. Intraday effects of foreign exchange intervention by the Bank of Japan, Journal of International Money and Finance, 17, 191-210.
Chen, S. S., 2011. Currency manipulation policy in emerging foreign exchange markets, National Taiwan University, working paper.
Disyatat, P. and Galati, G., 2007. The effectiveness of foreign exchange intervention in emerging market countries: Evidence from the Czech koruna, Journal of International Money and Finance, 26, 383-402.
Domaç, I. and Mendoza, A., 2004. Is there room for foreign exchange interventions under an inflation targeting framework? Evidence from Mexico and Turkey, working Paper.
Dominguez, K. M., 1998. Central bank intervention and exchange rate volatility, Journal of International Money and Finance, 17, 161-190.
Dominguez, K. M., and Frankel, J. A., 1993. Does foreign exchange intervention work?Washington, DC:Institute for International Economics.
Engle, R. F. and Granger, C. W. J., 1987. Co-integration and error correction: representation, estimation, and testing, Econometrica, 55, 251-276.
Fatum, R. and Hutchison, M. M., 2002. ECB foreign exchange intervention and the EURO: Institutional framework, news, and intervention, Open economies review, 13, 413-425.
Fischer, A. M., 2006. On the inadequacy of newswire reports for empirical research on foreign exchange interventions, Journal of International Money and Finance, 25, 1226-1240.
Gagnon, L. and Karolyi, G. A., 2010. Multi-market trading and arbitrage, Journal of Financial Economics, 97, 53-80.
Goral, A. and Sanchit A., 2010. The Indian exchange rate and central bank action:A GARCH analysis, Working paper.
Grossmann, A., Ozuna, T., and Simpson, Marc W., 2007. ADR mispricing: Do costly arbitrage and consumer sentiment explain the price deviation? Journal of International Financial Market, Institutions &; Money, 17, 361-371.
Hua, M. and Gau, Y., 2006. Determinants of periodic volatility of intraday exchange rates in the Taipei FX Market, Pacific-Basin Finance Journal, 14, 193-208.
Johansen, S. and Juselius, K., 1990. Maximum likelihood estimation and inference on cointegration—With applications to the demand for money, Oxford Bulletin of Economics and Statistics, 52, 169–210.
Johansen, S., 1991. Estimation and hypothesis testing for cointegration vectors in Gaussian vector autoregressive models, Econometrica, 59, 1551–1580.
Kim, Minho, Szakmary, Andrew C., and Mathur, Ike, 2000. Price transmission dynamics between ADRs and their underlying foreign securities, Journal of Banking &; Finance, 24, 1359-1382.
Mathur, I., Gleason, K. C., and Singh, M., 1998. Did markets react efficiently to the 1994 Mexican peso crisis? Evidence from Mexican ADRS, Journal of Multinational Financial Management, 8, 39-48.
Menkhoff, L., 2012. Foreign exchange intervention in emerging markets: A survey of empirical studies, Working paper.
Merton, Robert C., 1981. On Market Timing and Investment Performance. I. An Equilibrium Theory of Value for Market Forecasts, Journal of Business, 54, 363-406.
Park, J., 2001. Information flows between non-deliverable forward(NDF)and spot markets: Evidence from Korean currency, Pacific-Basin Finance Journal , 9, 363–377.
Pasquariello, P., 2008. The anatomy of financial crises: Evidence from the emerging ADR market, Journal of International Economics, 76, 193–207.
Pasquariello, P., 2014. Financial market dislocations, The Review of Financial Studies, 27, 1868-1914.
Pattanaik, S. and Sahoo, S., 2003. The effectiveness of intervention in India: an empirical assessment, working paper.
Phillips, P. and Perron, P., 1988. Testing for a unit root in time series regression, Biometrica, 75, 335–346.
Suh, J., 2003. ADRs and U.S. market sentiment, The Journal of Investing, 12, 87–95.
Tapia, M. and Tokman, A., 2004. Effects of foreign exchange intervention under public information: The Chilean case, Economia, 4, 1-42.