Arbeitspapier
The Effects of Japanese Foreign Exchange Market Interventions on the Yen/U.S. Dollar Exchange Rate Volatility
Previous studies have mainly used reports in the financial press to analyze the link between the interventions of the Bank of Japan (BoJ) and exchange rate volatility. We use official intervention data for the period 1993-2000 that were released only recently by the BoJ and find that the interventions of the BoJ increased the volatility of the yen/U.S. dollar exchange rate. We find that that the interventions of the BoJ, in particular those interventions not reported in the financial press, were positively correlated with exchange rate volatility.
- Sprache
-
Englisch
- Erschienen in
-
Series: Kiel Working Paper ; No. 1165
- Klassifikation
-
Wirtschaft
Central Banks and Their Policies
International Financial Markets
International Monetary Arrangements and Institutions
Foreign Exchange
- Thema
-
Foreign exchange market interventions
Exchange rate volatility
Bank of Japan
Wechselkurspolitik
Japanisch
Wirtschaftspolitische Wirkungsanalyse
Wechselkurs
Volatilität
Japan
Vereinigte Staaten
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Frenkel, Michael
Pierdzioch, Christian
Stadtmann, Georg
- Ereignis
-
Veröffentlichung
- (wer)
-
Kiel Institute for World Economics (IfW)
- (wo)
-
Kiel
- (wann)
-
2003
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Frenkel, Michael
- Pierdzioch, Christian
- Stadtmann, Georg
- Kiel Institute for World Economics (IfW)
Entstanden
- 2003
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