We use realized volatility to study the influence of central bank interventions on the yen/dollar exchange rate … successful interventions, both in depreciating the yen and in reducing exchange rate volatility …. Realized volatility is a technical innovation that allows specifying a system of equations for returns, realized volatility …

This paper investigates the effects of equity and bond portfolio inflows on exchange rate volatility, using monthly … probability Markov-switching model. We find that net equity (bond) inflows drive the exchange rate to a high (low) volatility … state. In particular, net bond inflows increase the probability of remaining in the low volatility state in the case of …

the estimation results, two currencies, the Swiss franc and (to a lesser extent) the US dollar qualify as safe haven … currencies, and the euro serves as a hedge currency. Results for the yen support its role as a carry funding vehicle, but not …

and bond flows, as well as the dynamic linkages between exchange rate volatility and the variability of these two types of … activities to maximise returns and minimize exposure to uncertainty. Furthermore, since exchange rate volatility and the …

Using recent advances in panel data estimation techniques, we find that an appreciation of the US dollar exchange rate …