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雷达卡
央行干预有效性1982以来研究的文献综述，THE EFFECTIVENESS OF CENTRAL-BANK INTERVENTION: ASURVEY OF THE LITERATURE AFTER 1982，HALI J. EDISON，发表于July 1993，Libraryof Congress Cataloging-in-Publication Data，76页，全英文
CONTENTS
1 INTRODUCTION 1
2 THE MECHANICS OF INTERVENTION 8
Sterilized and Nonsterilized Intervention 8
The Scale of Intervention 11
U.S. Intervention 11
3 THE PORTFOLIO-BALANCE CHANNEL 14
The General Framework 14
Traditional Portfolio-Balance Models 19
Portfolio-Balance Models with Mean-Variance Optimization 22
Small Macroeconomic Models 25
4 THE SIGNALING CHANNEL 29
Studies of the Signaling Hypothesis 30
The Effects of International Cooperation 35
5 CENTRAL-BANK POLICY REACTION FUNCTIONS 37
Motives for Intervention 38
The Degree of Sterilization 40
6 THE PROFITABILITY OF INTERVENTION 42
The Conceptual Issue 42
Measuring the Profitability of Intervention 43
The Evidence of Profitability 44
7 DESCRIPTIVE STUDIES OF INTERVENTION 47
8 RECENT LITERATURE 50
9 SUMMARY AND CONCLUSIONS 54
REFERENCES 56
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