the yen/US dollar dynamics …

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 …

volatility of the basket. Although, in the past, RMB inclusion would have had negligible impact due to its limited weight, a much …

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 …

-currency denominated assets, such as the Swiss franc and the Japanese yen, are under persistent appreciation pressure, particularly when … the centres of the world monetary system follow expansionary monetary policies. This limits the choice of exchange rate … rates of international creditor countries at the periphery of the world monetary system …

This paper studies how firm-level export performance is affected by Real Exchange Rate (RER) volatility and … than 100,000 Chinese exporters over the 2000-2006 period. We confirm a trade-deterring effect of RER volatility. We find … volatility and that this effect is magnified for financially vulnerable firms. As expected, financial development seems to dampen …

This paper proposes an explanation of the shifts in the volatility of exchange rate returns that relies on standard … may lead agents to focus excessively on a subset of fundamental variables. As a result, exchange rate volatility is mainly … determined by the dynamics of this subset of fundamentals. As agents switch between models the nominal exchange rate volatility …