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Is Foreign Exchange Intervention Effective? : The Japanese Experiences in the 1990s
Ito, Takatoshi - 2021
This paper examines Japanese foreign exchanges interventions from April 1991 to March 2001 based on newly disclosed official data. All the yen-selling (dollar-purchasing) interventions were carried out when the yen/dollar rate was below 125, while all the yen-purchasing (dollar-selling)...
Persistent link: https://www.econbiz.de/10013228719
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Why Has the Yen Failed to Become a Dominant Invoicing Currency in Asia? A Firm-Level Analysis of Japanese Exporters' Invoicing Behavior
Ito, Takatoshi - 2010
It has been a well-known puzzle why the yen has not been used more in trade invoicing among Japanese exporters. Despite the yen's status as an only fully convertible currency in Asia, two patterns stand out as puzzling features of an excessively small share of yen invoicing: First, a strong...
Persistent link: https://www.econbiz.de/10013139736
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Japanese Foreign Exchange Interventions, 1971-2018 : Estimating a Reaction Function Using the Best Proxy
Ito, Takatoshi; Yabu, Tomoyoshi - 2022
timings and amounts for Japan, the US, and Germany. Fourth, we present the episode of international coordination represented …
Persistent link: https://www.econbiz.de/10013323835
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Why has the yen failed to become a dominant invoicing currency in Asia? A firm-level analysis of Japanese Exporters' invoicing behavior
Ito, Takatoshi - 2010
It has been a well-known puzzle why the yen has not been used more in trade invoicing among Japanese exporters. Despite the yen's status as an only fully convertible currency in Asia, two patterns stand out as puzzling features of an excessively small share of yen invoicing: First, a strong...
Persistent link: https://www.econbiz.de/10012462424
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Is Foreign Exchange Intervention Effective? : The Japanese Experiences in the 1990s
Ito, Takatoshi - 2002
This paper examines Japanese foreign exchanges interventions from April 1991 to March 2001 based on newly disclosed official data. All the yen-selling (dollar-purchasing) interventions were carried out when the yen/dollar rate was below 125, while all the yen-purchasing (dollar-selling)...
Persistent link: https://www.econbiz.de/10012469800
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Meteor Showers or Heat Waves? Heteroskedastic Intra-Daily Volatility in the Foreign Exchange Market
Engle, Robert F. - 1988
This paper defines and tests a form of market efficiency called market dexterity which requires that asset prices adjust instantaneously and completely in response to new information. Examining the behavior of the yen/dollar exchange rate while each of the major markets are open it is possible...
Persistent link: https://www.econbiz.de/10012476459
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Japanese Foreign Exchange Interventions, 1971-2018 : Estimating a Reaction Function Using the Best Proxy
Ito, Takatoshi - 2020
timings and amounts for Japan, the US, and Germany. Fourth, we present the episode of international coordination represented …
Persistent link: https://www.econbiz.de/10012479168
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Contagious currency crises : channels of conveyance
Eichengreen, Barry; Rose, Andrew K. - In: Changes in exchange rates in rapidly developing …, (pp. 29-51). 1999
Persistent link: https://www.econbiz.de/10001375155
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On the Desirability of a Regional Basket Currency Arrangement
Ogawa, Eiji - 2000
economies that export goods to the U.S., Japan, and neighboring countries. The optimality of the exchange rate regime is defined …
Persistent link: https://www.econbiz.de/10012470729
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The causes of Japan's financial crisis
Patrick, Hugh; Ito, Takatoshi - 1999
Introduction: A mere decade ago Japan’s financial system, and especially its banking system, was not only the largest … country. Today presents a completely different picture. Japan’s financial system is weak and in disarray. Banks no longer rank … among the world’s top ten, and their credit ratings have declined dramatically. Two of Japan’s top 21 banks have already …
Persistent link: https://www.econbiz.de/10009451446