The Curious Case of the Yen as a Safe Haven Currency : A Forensic Analysis /

During risk-off episodes, the yen is a safe haven currency and on average appreciates against the U.S. dollar. We investigate the proximate causes of yen risk-off appreciations. We find that neither capital inflows nor expectations of the future monetary policy stance can explain the yen's safe...

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Detalhes bibliográficos
Autor principal: Botman, Dennis
Outros Autores: de Carvalho Filho, Irineu, Lam, Waikei
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 2013.
coleção:IMF Working Papers; Working Paper ; No. 2013/228
Acesso em linha:Full text available on IMF