id sid tid token lemma pos bk128913p85 1 1 at at ADP bk128913p85 1 2 the the DET bk128913p85 1 3 time time NOUN bk128913p85 1 4 of of ADP bk128913p85 1 5 writing writing NOUN bk128913p85 1 6 , , PUNCT bk128913p85 1 7 nominal nominal ADJ bk128913p85 1 8 exchange exchange NOUN bk128913p85 1 9 rates rate NOUN bk128913p85 1 10 have have AUX bk128913p85 1 11 been be AUX bk128913p85 1 12 particularly particularly ADV bk128913p85 1 13 volatile volatile ADJ bk128913p85 1 14 . . PUNCT bk128913p85 2 1 large large ADJ bk128913p85 2 2 exchange exchange NOUN bk128913p85 2 3 rate rate NOUN bk128913p85 2 4 movements movement NOUN bk128913p85 2 5 can can AUX bk128913p85 2 6 weigh weigh VERB bk128913p85 2 7 on on ADP bk128913p85 2 8 export export NOUN bk128913p85 2 9 competitiveness competitiveness NOUN bk128913p85 2 10 , , PUNCT bk128913p85 2 11 engender engender NOUN bk128913p85 2 12 price price NOUN bk128913p85 2 13 instability instability NOUN bk128913p85 2 14 , , PUNCT bk128913p85 2 15 and and CCONJ bk128913p85 2 16 disrupt disrupt VERB bk128913p85 2 17 financial financial ADJ bk128913p85 2 18 systems system NOUN bk128913p85 2 19 . . PUNCT bk128913p85 3 1 to to PART bk128913p85 3 2 mitigate mitigate VERB bk128913p85 3 3 these these DET bk128913p85 3 4 swings swing NOUN bk128913p85 3 5 , , PUNCT bk128913p85 3 6 the the DET bk128913p85 3 7 fed fed PROPN bk128913p85 3 8 has have AUX bk128913p85 3 9 extended extend VERB bk128913p85 3 10 \$90 \$90 PROPN bk128913p85 3 11 billion billion NUM bk128913p85 3 12 in in ADP bk128913p85 3 13 new new ADJ bk128913p85 3 14 dollar dollar NOUN bk128913p85 3 15 swap swap NOUN bk128913p85 3 16 lines line NOUN bk128913p85 3 17 to to ADP bk128913p85 3 18 nine nine NUM bk128913p85 3 19 countries country NOUN bk128913p85 3 20 , , PUNCT bk128913p85 3 21 the the DET bk128913p85 3 22 norges norge NOUN bk128913p85 3 23 bank bank PROPN bk128913p85 3 24 has have AUX bk128913p85 3 25 conducted conduct VERB bk128913p85 3 26 its its PRON bk128913p85 3 27 first first ADJ bk128913p85 3 28 foreign foreign ADJ bk128913p85 3 29 exchange exchange NOUN bk128913p85 3 30 intervention intervention NOUN bk128913p85 3 31 ( ( PUNCT bk128913p85 3 32 fxi fxi PROPN bk128913p85 3 33 ) ) PUNCT bk128913p85 3 34 in in ADP bk128913p85 3 35 20 20 NUM bk128913p85 3 36 years year NOUN bk128913p85 3 37 , , PUNCT bk128913p85 3 38 and and CCONJ bk128913p85 3 39 the the DET bk128913p85 3 40 swiss swiss PROPN bk128913p85 3 41 national national PROPN bk128913p85 3 42 bank bank PROPN bk128913p85 3 43 has have AUX bk128913p85 3 44 sold sell VERB bk128913p85 3 45 $ $ SYM bk128913p85 3 46 8 8 NUM bk128913p85 3 47 billion billion NUM bk128913p85 3 48 worth worth NOUN bk128913p85 3 49 of of ADP bk128913p85 3 50 franc franc NOUN bk128913p85 3 51 in in ADP bk128913p85 3 52 a a DET bk128913p85 3 53 single single ADJ bk128913p85 3 54 week week NOUN bk128913p85 3 55 . . PUNCT bk128913p85 4 1 this this DET bk128913p85 4 2 dissertation dissertation NOUN bk128913p85 4 3 studies study VERB bk128913p85 4 4 the the DET bk128913p85 4 5 effectiveness effectiveness NOUN bk128913p85 4 6 fxi fxi NOUN bk128913p85 4 7 and and CCONJ bk128913p85 4 8 investigates investigate VERB bk128913p85 4 9 secular secular ADJ bk128913p85 4 10 changes change NOUN bk128913p85 4 11 in in ADP bk128913p85 4 12 the the DET bk128913p85 4 13 responsiveness responsiveness NOUN bk128913p85 4 14 of of ADP bk128913p85 4 15 trade trade NOUN bk128913p85 4 16 to to PART bk128913p85 4 17 exchange exchange VERB bk128913p85 4 18 rate rate NOUN bk128913p85 4 19 movements.chapter movements.chapter PROPN bk128913p85 4 20 1 1 NUM bk128913p85 4 21 investigates investigate VERB bk128913p85 4 22 trends trend NOUN bk128913p85 4 23 in in ADP bk128913p85 4 24 expenditure expenditure NOUN bk128913p85 4 25 - - PUNCT bk128913p85 4 26 switching switching NOUN bk128913p85 4 27 for for ADP bk128913p85 4 28 17 17 NUM bk128913p85 4 29 countries country NOUN bk128913p85 4 30 using use VERB bk128913p85 4 31 a a DET bk128913p85 4 32 factor factor NOUN bk128913p85 4 33 - - PUNCT bk128913p85 4 34 augmented augment VERB bk128913p85 4 35 vector vector NOUN bk128913p85 4 36 auto auto NOUN bk128913p85 4 37 - - PUNCT bk128913p85 4 38 regression regression NOUN bk128913p85 4 39 with with ADP bk128913p85 4 40 time time NOUN bk128913p85 4 41 - - PUNCT bk128913p85 4 42 varying vary VERB bk128913p85 4 43 loadings loading NOUN bk128913p85 4 44 . . PUNCT bk128913p85 5 1 i i PRON bk128913p85 5 2 find find VERB bk128913p85 5 3 that that SCONJ bk128913p85 5 4 exports export NOUN bk128913p85 5 5 and and CCONJ bk128913p85 5 6 imports import NOUN bk128913p85 5 7 have have AUX bk128913p85 5 8 become become VERB bk128913p85 5 9 less less ADV bk128913p85 5 10 responsive responsive ADJ bk128913p85 5 11 to to ADP bk128913p85 5 12 unexpected unexpected ADJ bk128913p85 5 13 exchange exchange NOUN bk128913p85 5 14 rate rate NOUN bk128913p85 5 15 movements movement NOUN bk128913p85 5 16 , , PUNCT bk128913p85 5 17 but but CCONJ bk128913p85 5 18 export export NOUN bk128913p85 5 19 and and CCONJ bk128913p85 5 20 import import NOUN bk128913p85 5 21 price price NOUN bk128913p85 5 22 responses response NOUN bk128913p85 5 23 have have AUX bk128913p85 5 24 been be AUX bk128913p85 5 25 stable stable ADJ bk128913p85 5 26 . . PUNCT bk128913p85 6 1 this this PRON bk128913p85 6 2 implies imply VERB bk128913p85 6 3 that that SCONJ bk128913p85 6 4 country country NOUN bk128913p85 6 5 export export NOUN bk128913p85 6 6 supply supply NOUN bk128913p85 6 7 curves curve NOUN bk128913p85 6 8 have have AUX bk128913p85 6 9 become become VERB bk128913p85 6 10 more more ADV bk128913p85 6 11 inelastic inelastic ADJ bk128913p85 6 12 while while SCONJ bk128913p85 6 13 global global ADJ bk128913p85 6 14 export export NOUN bk128913p85 6 15 demand demand NOUN bk128913p85 6 16 has have AUX bk128913p85 6 17 become become VERB bk128913p85 6 18 more more ADV bk128913p85 6 19 elastic elastic ADJ bk128913p85 6 20 . . PUNCT bk128913p85 7 1 similarly similarly ADV bk128913p85 7 2 , , PUNCT bk128913p85 7 3 country country NOUN bk128913p85 7 4 import import NOUN bk128913p85 7 5 demand demand NOUN bk128913p85 7 6 curves curve NOUN bk128913p85 7 7 have have AUX bk128913p85 7 8 become become VERB bk128913p85 7 9 more more ADV bk128913p85 7 10 inelastic inelastic ADJ bk128913p85 7 11 , , PUNCT bk128913p85 7 12 but but CCONJ bk128913p85 7 13 global global ADJ bk128913p85 7 14 import import NOUN bk128913p85 7 15 supply supply NOUN bk128913p85 7 16 has have AUX bk128913p85 7 17 become become VERB bk128913p85 7 18 more more ADV bk128913p85 7 19 elastic elastic ADJ bk128913p85 7 20 . . PUNCT bk128913p85 8 1 this this PRON bk128913p85 8 2 is be AUX bk128913p85 8 3 consistent consistent ADJ bk128913p85 8 4 with with ADP bk128913p85 8 5 the the DET bk128913p85 8 6 rise rise NOUN bk128913p85 8 7 in in ADP bk128913p85 8 8 global global ADJ bk128913p85 8 9 value value NOUN bk128913p85 8 10 chains chain NOUN bk128913p85 8 11 : : PUNCT bk128913p85 8 12 multiple multiple ADJ bk128913p85 8 13 stages stage NOUN bk128913p85 8 14 of of ADP bk128913p85 8 15 production production NOUN bk128913p85 8 16 make make VERB bk128913p85 8 17 it it PRON bk128913p85 8 18 difficult difficult ADJ bk128913p85 8 19 for for SCONJ bk128913p85 8 20 exporters exporter NOUN bk128913p85 8 21 to to PART bk128913p85 8 22 swiftly swiftly ADV bk128913p85 8 23 increase increase VERB bk128913p85 8 24 production production NOUN bk128913p85 8 25 in in ADP bk128913p85 8 26 response response NOUN bk128913p85 8 27 to to PART bk128913p85 8 28 demand demand VERB bk128913p85 8 29 shocks shock NOUN bk128913p85 8 30 , , PUNCT bk128913p85 8 31 and and CCONJ bk128913p85 8 32 intermediate intermediate ADJ bk128913p85 8 33 inputs input NOUN bk128913p85 8 34 make make VERB bk128913p85 8 35 imports import NOUN bk128913p85 8 36 less less ADV bk128913p85 8 37 responsive responsive ADJ bk128913p85 8 38 to to ADP bk128913p85 8 39 price price NOUN bk128913p85 8 40 changes change NOUN bk128913p85 8 41 . . PUNCT bk128913p85 9 1 it it PRON bk128913p85 9 2 is be AUX bk128913p85 9 3 also also ADV bk128913p85 9 4 consistent consistent ADJ bk128913p85 9 5 with with ADP bk128913p85 9 6 the the DET bk128913p85 9 7 view view NOUN bk128913p85 9 8 that that SCONJ bk128913p85 9 9 trade trade NOUN bk128913p85 9 10 integration integration NOUN bk128913p85 9 11 has have AUX bk128913p85 9 12 increased increase VERB bk128913p85 9 13 global global ADJ bk128913p85 9 14 competition.chapters competition.chapter NOUN bk128913p85 9 15 2 2 NUM bk128913p85 9 16 and and CCONJ bk128913p85 9 17 3 3 NUM bk128913p85 9 18 are be AUX bk128913p85 9 19 adopted adopt VERB bk128913p85 9 20 from from ADP bk128913p85 9 21 a a DET bk128913p85 9 22 joint joint ADJ bk128913p85 9 23 paper paper NOUN bk128913p85 9 24 with with ADP bk128913p85 9 25 nelson nelson PROPN bk128913p85 9 26 mark mark PROPN bk128913p85 9 27 . . PUNCT bk128913p85 10 1 a a DET bk128913p85 10 2 key key ADJ bk128913p85 10 3 transmission transmission NOUN bk128913p85 10 4 channel channel NOUN bk128913p85 10 5 for for ADP bk128913p85 10 6 achieving achieve VERB bk128913p85 10 7 central central ADJ bk128913p85 10 8 bank bank NOUN bk128913p85 10 9 policy policy NOUN bk128913p85 10 10 objectives objective NOUN bk128913p85 10 11 works work VERB bk128913p85 10 12 via via ADP bk128913p85 10 13 managing manage VERB bk128913p85 10 14 financial financial ADJ bk128913p85 10 15 market market NOUN bk128913p85 10 16 expectations expectation NOUN bk128913p85 10 17 . . PUNCT bk128913p85 11 1 chapter chapter NOUN bk128913p85 11 2 2 2 NUM bk128913p85 11 3 provides provide VERB bk128913p85 11 4 daily daily ADJ bk128913p85 11 5 estimates estimate NOUN bk128913p85 11 6 of of ADP bk128913p85 11 7 market market NOUN bk128913p85 11 8 expectations expectation NOUN bk128913p85 11 9 of of ADP bk128913p85 11 10 future future ADJ bk128913p85 11 11 foreign foreign ADJ bk128913p85 11 12 exchange exchange NOUN bk128913p85 11 13 ( ( PUNCT bk128913p85 11 14 fx fx NOUN bk128913p85 11 15 ) ) PUNCT bk128913p85 11 16 spot spot NOUN bk128913p85 11 17 prices price NOUN bk128913p85 11 18 . . PUNCT bk128913p85 12 1 exchange exchange NOUN bk128913p85 12 2 rate rate NOUN bk128913p85 12 3 expectations expectation NOUN bk128913p85 12 4 are be AUX bk128913p85 12 5 risk risk NOUN bk128913p85 12 6 - - PUNCT bk128913p85 12 7 adjusted adjust VERB bk128913p85 12 8 futures future NOUN bk128913p85 12 9 prices price NOUN bk128913p85 12 10 implied imply VERB bk128913p85 12 11 by by ADP bk128913p85 12 12 a a DET bk128913p85 12 13 term term NOUN bk128913p85 12 14 - - PUNCT bk128913p85 12 15 structure structure NOUN bk128913p85 12 16 model model NOUN bk128913p85 12 17 of of ADP bk128913p85 12 18 fx fx PROPN bk128913p85 12 19 futures.chapter futures.chapter PROPN bk128913p85 12 20 3 3 NUM bk128913p85 12 21 employs employ VERB bk128913p85 12 22 the the DET bk128913p85 12 23 event event NOUN bk128913p85 12 24 study study NOUN bk128913p85 12 25 method method NOUN bk128913p85 12 26 to to PART bk128913p85 12 27 test test VERB bk128913p85 12 28 if if SCONJ bk128913p85 12 29 fxi fxi NOUN bk128913p85 12 30 causes cause VERB bk128913p85 12 31 changes change NOUN bk128913p85 12 32 in in ADP bk128913p85 12 33 exchange exchange NOUN bk128913p85 12 34 rate rate NOUN bk128913p85 12 35 expectations expectation NOUN bk128913p85 12 36 . . PUNCT bk128913p85 13 1 endogeneity endogeneity NOUN bk128913p85 13 2 of of ADP bk128913p85 13 3 interventions intervention NOUN bk128913p85 13 4 are be AUX bk128913p85 13 5 addressed address VERB bk128913p85 13 6 via via ADP bk128913p85 13 7 synthetic synthetic ADJ bk128913p85 13 8 control control NOUN bk128913p85 13 9 . . PUNCT bk128913p85 14 1 from from ADP bk128913p85 14 2 a a DET bk128913p85 14 3 panel panel NOUN bk128913p85 14 4 of of ADP bk128913p85 14 5 9 9 NUM bk128913p85 14 6 countries country NOUN bk128913p85 14 7 , , PUNCT bk128913p85 14 8 we we PRON bk128913p85 14 9 find find VERB bk128913p85 14 10 that that DET bk128913p85 14 11 fxi fxi NOUN bk128913p85 14 12 leads lead VERB bk128913p85 14 13 the the DET bk128913p85 14 14 market market NOUN bk128913p85 14 15 to to PART bk128913p85 14 16 revise revise VERB bk128913p85 14 17 expectations expectation NOUN bk128913p85 14 18 by by ADP bk128913p85 14 19 an an DET bk128913p85 14 20 average average NOUN bk128913p85 14 21 of of ADP bk128913p85 14 22 50 50 NUM bk128913p85 14 23 basis basis NOUN bk128913p85 14 24 points point NOUN bk128913p85 14 25 in in ADP bk128913p85 14 26 the the DET bk128913p85 14 27 direction direction NOUN bk128913p85 14 28 predicted predict VERB bk128913p85 14 29 by by ADP bk128913p85 14 30 the the DET bk128913p85 14 31 intervention intervention NOUN bk128913p85 14 32 . . PUNCT bk128913p85 15 1 under under ADP bk128913p85 15 2 certain certain ADJ bk128913p85 15 3 conditions condition NOUN bk128913p85 15 4 , , PUNCT bk128913p85 15 5 larger large ADJ bk128913p85 15 6 changes change NOUN bk128913p85 15 7 and and CCONJ bk128913p85 15 8 success success NOUN bk128913p85 15 9 rates rate NOUN bk128913p85 15 10 of of ADP bk128913p85 15 11 90\% 90\% NUM bk128913p85 15 12 are be AUX bk128913p85 15 13 achievable achievable ADJ bk128913p85 15 14 . . PUNCT bk128913p85 16 1 changes change NOUN bk128913p85 16 2 in in ADP bk128913p85 16 3 risk risk NOUN bk128913p85 16 4 premia premia NOUN bk128913p85 16 5 are be AUX bk128913p85 16 6 also also ADV bk128913p85 16 7 detected detect VERB bk128913p85 16 8 , , PUNCT bk128913p85 16 9 but but CCONJ bk128913p85 16 10 are be AUX bk128913p85 16 11 less less ADV bk128913p85 16 12 systematic systematic ADJ bk128913p85 16 13 , , PUNCT bk128913p85 16 14 suggesting suggest VERB bk128913p85 16 15 that that SCONJ bk128913p85 16 16 fxi fxi NOUN bk128913p85 16 17 may may AUX bk128913p85 16 18 contribute contribute VERB bk128913p85 16 19 to to ADP bk128913p85 16 20 fx fx NOUN bk128913p85 16 21 market market NOUN bk128913p85 16 22 uncertainty uncertainty NOUN bk128913p85 16 23 . . PUNCT