کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
9731465 | 1480484 | 2005 | 19 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Japanese and U.S. interventions in the yen/U.S. dollar market: estimating the monetary authorities' reaction functions
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موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
![عکس صفحه اول مقاله: Japanese and U.S. interventions in the yen/U.S. dollar market: estimating the monetary authorities' reaction functions Japanese and U.S. interventions in the yen/U.S. dollar market: estimating the monetary authorities' reaction functions](/preview/png/9731465.png)
چکیده انگلیسی
This paper uses recently released official data on the foreign exchange market interventions of the Japanese monetary authorities in the yen/U.S. dollar market during the period 1991-2001 to examine the motivation for the intervention policy. We also compare the Japanese intervention policy with the U.S. intervention policy. Our results suggest that the Japanese authorities regularly responded to deviations of the yen/U.S. dollar exchange rate from a short-term and a long-term exchange rate target. By contrast, the U.S. authorities intervened only occasionally and seemed to have merely reinforced Japanese interventions.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: The Quarterly Review of Economics and Finance - Volume 45, Issues 4â5, September 2005, Pages 680-698
Journal: The Quarterly Review of Economics and Finance - Volume 45, Issues 4â5, September 2005, Pages 680-698
نویسندگان
Michael Frenkel, Christian Pierdzioch, Georg Stadtmann,