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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

conducted by the Bank of Japan (BoJ) between January 1995 and December 1999. We find that the reports of interventions in the …

Persistent link: https://www.econbiz.de/10014117201

Foreign currency denominated assets and international shock absorption in Switzerland and Japan

Schnabl, Gunther - 2015

the Swiss franc and Japanese yen are under a persistent appreciation pressure, what restricts the degree of freedom in the …

Persistent link: https://www.econbiz.de/10011392509

Effectiveness of Official Daily Foreign Exchange Market Intervention Operations in Japan

Fatum, Rasmus - 2013

intervention has not been available for Japan. This paper investigates the effectiveness of intervention using recently published … exchange rate data, i.e. intense and sporadic bursts of intervention activity juxtaposed against a yen/dollar rate continuously …, coordinated with the Bank of Japan and the Federal Reserve working in unison, give the highest success rate. During the period …

Persistent link: https://www.econbiz.de/10012712037

Is Foreign Exchange Market Intervention an Alternative to Monetary Policy? Evidence from Japan

Fatum, Rasmus; Hutchison, Michael M. - 2013

intervention has not been available for Japan. This paper investigates the effectiveness of intervention using recently published … exchange rate data, i.e. intense and sporadic bursts of intervention activity juxtaposed against a yen/dollar rate continuously … newswires). To some extent intervention might be a useful policy instrument during the zero-interest rate policy period in Japan …

Persistent link: https://www.econbiz.de/10014034053

Foreign Currency Denominated Assets and International Shock Absorption in Switzerland and Japan

Schnabl, Gunther - 2015

the Swiss franc and Japanese yen are under a persistent appreciation pressure, what restricts the degree of freedom in the …

Persistent link: https://www.econbiz.de/10013009766

Central Bank Intervention : Preempting Asset Price Bubble

Khan, Salman - 2010

Most of the economic theory delves into monetary policy based intervention in the event market experiences an asset price bubble therefore, sidelining the role of regulatory intervention. The existence of time lag between the monetary policy implementation and its resultant effects raises doubts...

Persistent link: https://www.econbiz.de/10013138558

Does Central Bank Intervention Reduce Exchange Rate Volatility? An Empirical Investigation Using Tanzanian Data

Mbowe, Wilfred E. - 2009

Many developing countries including Tanzania have often resorted to intervene in the foreign exchange market to contain the effect of temporary exchange rate shocks on inflation and financial stability. Highly variable exchange rates increase exchange rate risk and are likely to impede long term...

Persistent link: https://www.econbiz.de/10013152974

The Relationship of the Exchange Risk Premium to Net Foreign Assets and Central Bank Intervention

Black, Stanley W. - 2013

This paper takes another look at the portfolio theory of exchange rate behavior, using a survey-based definition of the risk premium and measuring the portfolio variable by the net stock of foreign assets. The model relates the risk premium to net foreign assets, together with related equations...

Persistent link: https://www.econbiz.de/10013082596

Impact of Central Bank Intervention on Exchange-Rate Forecast Heterogeneity

Beine, Michel - 2013

, especially in the YEN-USD market. In sum, official interventions are shown to move market opinions, albeit differently across the …

Persistent link: https://www.econbiz.de/10013073288

Does foreign exchange intervention volume matter?

Fatum, Rasmus; Yamamoto, Yohei - 2012

We investigate whether foreign exchange intervention volume matters for the exchange rate effects of intervention. Our investigation employs daily data on Japanese interventions from April 1991 to April 2012 and time-series estimations, non-temporal threshold analysis, as well as binary choice...

Persistent link: https://www.econbiz.de/10009536556