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...

وصف كامل

التفاصيل البيبلوغرافية
المؤلف الرئيسي: Ramaswamy, Ramana
مؤلفون آخرون: Samiei, Hossein
التنسيق: دورية
اللغة:English
منشور في: Washington, D.C. : International Monetary Fund, 2000.
سلاسل:IMF Working Papers; Working Paper ; No. 2000/095
الوصول للمادة أونلاين:Full text available on IMF