Chaboud, Alain P.; Humpage, Owen F. - Federal Reserve Bank of Cleveland - 2003
lag of at least 4
business days from the previous intervention. Often, as figure 1 indicates, the lag was
very long …% took place after a lag of at least 4 business days. Out of the 165 interventions before
that date, only 19% followed a … lag of at least 4 business days.
6
4. Success Criteria
We evaluate the success of Japanese interventions using …