E. J. E. Lewis

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and participants in a seminar at the Reserve Bank of Australia. We are grateful to Diane Castle for helping to prepare the document and to Rebecca Moylan and Mina Stavropoulos for assistance with extensive data input. We also appreciate the considerable assistance of Kelly McCullum (Sydney Futures Exchange), Sandra Muldoon (Dow Jones) and John Mair(More)
ooperation is ubiquitous in social life. Individuals collectively participate in all manner of endeavors including, for example, babysitting cooperatives, bowling leagues, and community associations. And yet failure to produce collective goods when they are desired is also widespread, such as when childcare or group leisure activities are unavailable, or(More)
This paper provides an empirical assessment of the effectiveness of foreign exchange intervention in two small open economies. Specifically, we examine the intervention practices of the Bank of Canada (BoC) and the Reserve Bank of Australia (RBA) for a sample of daily data spanning the period from 1989 to the end of 1997. Our analysis suggests that both(More)
We are indebted to colleagues at the Reserve Bank of Australia, participants at seminars at the BIS and the London School of Economics and to Mardi Dungey for invaluable comments and suggestions. We are also grateful to Adam Cagliarini for technical advice, and Clare Padua for assistance with the data. Any errors are ours alone. The opinions expressed in(More)
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