The Yen-Dollar Rate : Have Interventions Mattered? /
Using daily data for 1995-99, this paper estimates a simple forward looking model of the exchange rate to show that foreign exchange interventions have, on the whole, had small but persistent effects on the yen-dollar rate. Contrary to conventional wisdom, sterilized interventions have mattered. Con...
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| 格式: | 杂志 |
| 语言: | English |
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Washington, D.C. :
International Monetary Fund,
2000.
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| 丛编: | IMF Working Papers; Working Paper ;
No. 2000/095 |
| 在线阅读: | Full text available on IMF |