volatility. On days of broad dollar strengthening, the CNY is found to depreciate against the dollar but appreciate against the …

effect on Yen internationalization. After controlling for the Yen's exchange rate volatility and the once-in-100-year …This paper employs the GMM estimator to empirically investigate the effects of Japanese international reserves on Yen … internationalization from 1976 through 2009 by specifying the regression benchmark based on the long-run determinants of Yen …

Yen's exchange rate volatility and the once-in-100-year international financial crisis as well as Japan's lower interest … degree of Yen internationalization from 1976 through 2009 by specifying the regression benchmark based on the long …-run determinants of Yen internationalization with economic power, financial market development, Yen appreciation, inflation and …

We investigate the effects of Central Bank interventions which are designed to smooth exchange rate volatility but are …

scheduled economic releases on three exchange rates: EUR/$, JPY/$ and GBP/$. Using wavelets to analyze volatility behavior, we … empirically show that intraday volatility clusters increase as we approach the time of the releases, and decay exponentially after …. Finally, we propose a wavelet volatility estimator which is not only more efficient than a range estimator that is commonly …

fluctuations of the yen-dollar exchange rate. I show first that these models would have exploited exchange rate trends quite …