|
|
|
|
| LEADER |
01774cas a2200253 a 4500 |
| 001 |
AALejournalIMF007719 |
| 008 |
230101c9999 xx r poo 0 0eng d |
| 020 |
|
|
|c 5.00 USD
|
| 020 |
|
|
|z 9781451851816
|
| 022 |
|
|
|a 1018-5941
|
| 040 |
|
|
|a BD-DhAAL
|c BD-DhAAL
|
| 100 |
1 |
|
|a Ramaswamy, Ramana.
|
| 245 |
1 |
4 |
|a The Yen-Dollar Rate :
|b Have Interventions Mattered? /
|c Ramana Ramaswamy, Hossein Samiei.
|
| 264 |
|
1 |
|a Washington, D.C. :
|b International Monetary Fund,
|c 2000.
|
| 300 |
|
|
|a 1 online resource (25 pages)
|
| 490 |
1 |
|
|a IMF Working Papers
|
| 500 |
|
|
|a <strong>Off-Campus Access:</strong> No User ID or Password Required
|
| 500 |
|
|
|a <strong>On-Campus Access:</strong> No User ID or Password Required
|
| 506 |
|
|
|a Electronic access restricted to authorized BRAC University faculty, staff and students
|
| 520 |
3 |
|
|a 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. Consistent with conventional wisdom, coordinated interventions have a higher probability of success and move the yen-dollar rate by a larger margin than unilateral interventions. A probit model indicates that both an excessive appreciation and depreciation of the yen provoke interventions, and that interventions occur in clusters-if there is one today, there will likely be another tomorrow.
|
| 538 |
|
|
|a Mode of access: Internet
|
| 700 |
1 |
|
|a Samiei, Hossein.
|
| 830 |
|
0 |
|a IMF Working Papers; Working Paper ;
|v No. 2000/095
|
| 856 |
4 |
0 |
|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2000/095/001.2000.issue-095-en.xml
|z IMF e-Library
|