TY  - BOOK
AU  - Zhang,Dewei
AU  - Zhou,Chunyang
TI  - Foreign exchange reserves management in the presence of jump risk
SN  - 13504851
AV  - HB1.A666 APP 
PY  - 2013///
CY  - New York
PB  - Taylor and Francis
KW  - Foreign reserves management
KW  - Exchange rate
KW  - Intervention
N2  - This article investigates how the jump in the exchange rate and risky asset can affect the central bank's foreign management. We find that the jump in the exchange rate has a positive impact on the need for the risky asset, whereas the jump in the risky asset has a negative impact. However, the overall impact relies on how effective the central bank can intervene in the exchange market. Specifically, if the central bank can intervene in the market effectively, the safety of foreign reserves becomes a more important issue, which will decrease the need for risky asset
UR  - https://doi.org/10.1080/13504851.2012.689106
ER  -