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The Effects of Foreign Exchange Market Interventions of the Bank of Japan on the $/Yen Exchange Rate Volatility
Frenkel, Michael; Pierdzioch, Christian; Stadtmann, Georg - 2002
Bank of Japan (BoJ) and exchange rate volatility. We use official intervention data for the period 1993 - 2000 that were … released only recently by the BoJ and find that interventions of the BoJ increased the volatility of the $/yen exchange rate …
Persistent link: https://www.econbiz.de/10014117200
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The Accuracy of Press Reports Regarding the Foreign Exchange Interventions of the Bank of Japan
Frenkel, Michael; Pierdzioch, Christian; Stadtmann, Georg - 2002
This paper presents evidence on the accuracy of press reports regarding the foreign exchange market interventions conducted by the Bank of Japan (BoJ) between January 1995 and December 1999. We find that the reports of interventions in the financial press are a relatively inaccurate indicator...
Persistent link: https://www.econbiz.de/10010260509
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Exchange Rate Expectations Redux and Monetary Policy
Pierdzioch, Christian - 2002
This paper uses a dynamic general equilibrium optimizing two-country model to analyze how the formation of exchange rate expectations shapes the effects of monetary policy shocks in open economies. The model implies that the short-run output effects of permanent monetary policy shocks diminish...
Persistent link: https://www.econbiz.de/10010260510
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The Effects of Japanese Foreign Exchange Market Interventions on the Yen/U.S. Dollar Exchange Rate Volatility
Frenkel, Michael; Pierdzioch, Christian; Stadtmann, Georg - 2003
Bank of Japan (BoJ) and exchange rate volatility. We use official intervention data for the period 1993-2000 that were … released only recently by the BoJ and find that the interventions of the BoJ increased the volatility of the yen/U.S. dollar … press, were positively correlated with exchange rate volatility. …
Persistent link: https://www.econbiz.de/10010260629
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The Accuracy of Press Reports Regarding the Foreign Exchange Interventions of the Bank of Japan
Frenkel, Michael; Pierdzioch, Christian; Stadtmann, Georg - Institut für Weltwirtschaft (IfW) - 2002
This paper presents evidence on the accuracy of press reports regarding the foreign exchange market interventions conducted by the Bank of Japan (BoJ) between January 1995 and December 1999. We find that the reports of interventions in the financial press are a relatively inaccurate indicator...
Persistent link: https://www.econbiz.de/10005755250
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Exchange Rate Expectations Redux and Monetary Policy
Pierdzioch, Christian - Institut für Weltwirtschaft (IfW) - 2002
This paper uses a dynamic general equilibrium optimizing two-country model to analyze how the formation of exchange rate expectations shapes the effects of monetary policy shocks in open economies. The model implies that the short-run output effects of permanent monetary policy shocks diminish...
Persistent link: https://www.econbiz.de/10005700523
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The Effects of Japanese Foreign Exchange Market Interventions on the Yen/U.S. Dollar Exchange Rate Volatility
Frenkel, Michael; Pierdzioch, Christian; Stadtmann, Georg - Institut für Weltwirtschaft (IfW) - 2003
Bank of Japan (BoJ) and exchange rate volatility. We use official intervention data for the period 1993-2000 that were … released only recently by the BoJ and find that the interventions of the BoJ increased the volatility of the yen/U.S. dollar … press, were positively correlated with exchange rate volatility. …
Persistent link: https://www.econbiz.de/10005700559
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Exchange rate expectations redux and monetary policy
Pierdzioch, Christian - 2002
This paper uses a dynamic general equilibrium optimizing two-country model to analyze how the formation of exchange rate expectations shapes the effects of monetary policy shocks in open economies. The model implies that the short-run output effects of permanent monetary policy shocks diminish...
Persistent link: https://www.econbiz.de/10011474909
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Bank of Japan and Federal Reserve Interventions in the Yen/ U.S. Dollar Market : Estimating the Central Banks' Reaction Functions
Frenkel, Michael; Pierdzioch, Christian; Stadtmann, Georg - 2002
This paper uses recently released official data on the foreign exchange market interventions of the Bank of Japan (BoJ) in the yen/U.S. dollar market during the period 1991-2001 in order to examine the motivation for the intervention policy of the BoJ. We also compare the intervention policy of...
Persistent link: https://www.econbiz.de/10014117199
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The Accuracy of Press Reports Regarding the Foreign Exchange Interventions of the Bank of Japan
Frenkel, Michael; Pierdzioch, Christian; Stadtmann, Georg - 2002
This paper presents evidence on the accuracy of press reports regarding the foreign exchange market interventions conducted by the Bank of Japan (BoJ) between January 1995 and December 1999. We find that the reports of interventions in the financial press are a relatively inaccurate indicator...
Persistent link: https://www.econbiz.de/10014117201