We use realized volatility to study the influence of central bank interventions on the yen/dollar exchange rate …. Realized volatility is a technical innovation that allows specifying a system of equations for returns, realized volatility … increase in volatility associated with interventions. During the period 1999 through 2004, the estimations are consistent with …

Both before and after the Asian crisis, the dollar has been the dominant anchor and reserve currency in East Asia. Due …. Rolling econometric estimations of the basket structures in East Asia suggest growing weights for the Japanese yen in most … East Asian currency baskets. The role of the euro as a reserve currency in East Asia remains uncertain. …

The World Bank group, among the world's largest development institutions, is a major source of financial and technical … assistance to developing countries around the world. In fiscal 2009, the World Bank group sponsored 767 projects with a total …

The aim of this paper is to provide some new empirical evidence on the determinants of volatility of real exchange … grouped into three regions (Latin America, Asia and MENA). Our findings suggest that different types of shocks (external, real … and monetary) can account for volatility of real exchange rates in emerging economies, with international financial …