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 …

exchange rate fluctuations vis-…-vis the Japanese yen and the US dollar. Then, the optimal basket weight to minimize the … generally reasonable. The optimal currency weights for the yen and the US dollars are derived and compared with actual weights … weight of the yen is significantly higher than the actual weight …

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

dollar, the euro, or the yen. Although there appear to be reasonably well-defined euro and dollar areas, there does not seem … to be a yen area. We also address the question of how trade and co-movements of outputs and prices would respond to the …

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