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The signalling channel of central bank interventions : modelling the yen

Chen, Yu-Fu; Funke, Michael; Glanemann, Nicole - 2011

the yen/US dollar dynamics. -- exchange rates ; interventions ; Japan …

Persistent link: https://www.econbiz.de/10009312174

Foreign exchange intervention when interest rates are zero : does the portfolio balance channel matter after all?

Fatum, Rasmus - 2010

The Japanese zero-interest rate period provides a “natural experiment” for investigating the effectiveness and transmission channels of sterilized intervention when traditional monetary policy options are constrained. This paper takes advantage of the fact that all interventions in the...

Persistent link: https://www.econbiz.de/10008659226

The Credibility of the United Kingdom's Commitment to the Erm : Intentions Versus Actions

Masson, Paul R. - 2008

differential with Germany. Credibility is decomposed into two aspects: an assessment of whether the government was truly committed …

Persistent link: https://www.econbiz.de/10012774281

The Effects of Japanese Foreign Exchange Intervention GARCH Estimation and Change Point Detection

Hillebrand, Eric T.; Schnabl, Gunther - 2003

/dollar exchange rate and the volatility in the yen/dollar markets. Using newly released data on Japanese foreign exchange intervention …In this paper we test for the short-term impact of foreign exchange intervention on both the level of the yen … effect on the same day, but at the cost of higher exchange rate volatility. Testing for the robustness of this finding we …

Persistent link: https://www.econbiz.de/10014074708

The Effects of Japanese Foreign Exchange Intervention GARCH Estimation and Change Point Detection

Hillebrand, Eric T.; Schnabl, Gunther - 2005

Persistent link: https://www.econbiz.de/10014067235

A structural break in the effects of Japanese foreign exchange intervention on yen/dollar exchange rate volatility

Hillebrand, Eric; Schnabl, Gunther - 2006

left foreign exchange intervention unsterilized when Japan entered the liquidity trap in 1999. According to previous … volatility at the turn of the millennium when Japanese foreign exchange intervention started to remain unsterilized. …

Persistent link: https://www.econbiz.de/10011604696

Cambodia's persistent dollarization : causes and policy options

Menon, Jayant - 2008

Cambodia's economic and social achievements over the past ten years have been the most impressive in its history. Nevertheless, Cambodia today is still as dollarized, if not more so, than it was ten years ago. What is this so, and what, if anything, should the Government do? This paper attempts...

Persistent link: https://www.econbiz.de/10011282131

China's evolving managed float : an exploration of the roles of the fix and broad dollar movements in explaining daily exchange rate changes

Clark, John - 2017

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

Persistent link: https://www.econbiz.de/10011754330

Exchange rate anchoring : is there still a de facto US dollar standard?

Bracke, Thierry; Bunda, Irina - 2011

The paper provides a measure of exchange rate anchoring behaviour across 149 emerging market and developing economies for the 1980-2010 period. An extension of the Frankel and Wei (2008) methodology is used to determine whether exchange rates are pegged or floating, and in the case of pegs, to...

Persistent link: https://www.econbiz.de/10009160000

The impact of Yuan internationalization on the Euro-Dollar exchange rate

Bénassy-Quéré, Agnès; Forouheshfar, Yeganeh - 2013

We study the implication of a multipolarization of the international monetary system on cross-currency volatility. More …

Persistent link: https://www.econbiz.de/10009721995