Using tick-by-tick data of the dollar-yen and euro-dollar exchange rates recorded in the actual transaction platform, a …

We study how the financial conditions in the Center Economies [the U.S., Japan, and the Euro area] impact other …, and currency compositions of debt are significant factors. More specifically, having a higher weight on the dollar (or the … euro) makes the response of a financial variable such as the REER and exchange market pressure in the PHs more sensitive to …

article, we provide evidence suggesting a recent rise in the use of the dollar, and fall of the use in the euro, with similar …

Foreign exchange reserve accumulation has risen dramatically in recent years. The introduction of the euro, greater … increased the pressure on central banks to diversify away from the US dollar. A major portfolio shift would significantly affect … exchange rates and the status of the dollar as the dominant international currency. We develop a dynamic mean …

Market impacts of Japanese macroeconomic announcements within minutes on the dollar/yen foreign exchange are analyzed …

This paper examines the efficiency of the forward yen/dollar market using micro survey data. We first argue that the …

dollars. Expectations of yen appreciation against the dollar have been (1) consistently large, (2) variable, and (3) greater …Three surveys of exchange rate expectations allow us to measure directly the expected rates of return on yen versus … than the forward premium, implying that investors were willing to accept a lower expected return on dollar assets. At short …