Effectiveness of official daily foreign exchange market intervention operations in Japan

This paper investigates the effectiveness of intervention in the JPY/USD exchange rate market using recently published official daily data on Bank of Japan intervention and an event study methodology. We identify separate intervention “episodes” and analyze the subsequent effect on the exchange rate...

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Veröffentlicht in:	Journal of international money and finance 2006-03, Vol.25 (2), p.199-219
Hauptverfasser:	Fatum, Rasmus, Hutchison, Michael
Format:	Artikel
Sprache:	eng
Schlagworte:	Bank of Japan Central bank intervention Central banks Data analysis Empirical tests Exchange rates Foreign exchange Foreign exchange markets Foreign exchange rates Interest rates International monetary economics Japan Monetary policy Policy analysis Studies
Online-Zugang:	Volltext
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