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Do Options-Implied Rnd Functions on G3 Currencies Move Around the Times of Interventions on the Jpy/Usd Exchange Rate?
Castrén, Olli - 2021
the estimated RNDs on the JPY/EUR and USD/EUR currency pairs. In particular, the operations where Japanese yen is sold … coincide with a movement in the mean of the RND towards a weaker yen both against the US dollar and the euro, as well as with …
Persistent link: https://www.econbiz.de/10013319012
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Japanese Foreign Exchange Intervention and the Yen/Dollar Exchange Rate : A Simultaneous Equations Approach Using Realized Volatility
Hillebrand, Eric T.; Schnabl, Gunther; Ulu, Yasemin - 2021
We use realized volatility to study the influence of central bank interventions on the yen/dollar exchange rate … successful interventions, both in depreciating the yen and in reducing exchange rate volatility …
Persistent link: https://www.econbiz.de/10013317518
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A Structural Break in the Effects of Japanese Foreign Exchange Intervention on Yen/Dollar Exchange Rate Volatility
Hillebrand, Eric T.; Schnabl, Gunther - 2021
left foreign exchange intervention unsterilized when Japan entered the liquidity trap in 1999. According to previous …
Persistent link: https://www.econbiz.de/10013317566
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Further Evidence on Implicit Bands in the Yen/Dollar Exchange Rate
Ledesma Rodríguez, Francisco; Navarro Ibáñez, Manuel; … - 2006
This paper attempts to identify implicit exchange rate regimes for the Yen/Dollar exchange rate. To that end, we apply … such implicit bands indicates the high degree of confidence attributed by economic agents to the evolution of the Yen …
Persistent link: https://www.econbiz.de/10014057289
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How Successful is the G7 in Managing Exchange Rates?
Fratzscher, Marcel - 2015
moving the US dollar, yen and euro in the intended direction at horizons of up to three months after G7 meetings, but not at …
Persistent link: https://www.econbiz.de/10012750085
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Foreign Exchange Intervention When Interest Rates are Zero : Does the Portfolio Balance Channel Matter after All?
Fatum, Rasmus - 2015
The Japanese zero-interest rate period provides a “natural experiment” for investigating the effectiveness and transmission channels of sterilized intervention when traditional monetary policy options are constrained. This paper takes advantage of the fact that all interventions in the...
Persistent link: https://www.econbiz.de/10013038672
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The Signaling Channel of Central Bank Interventions : Modelling the Yen/US Dollar Exchange Rate
Chen, Yu-Fu - 2013
the yen/US dollar dynamics …
Persistent link: https://www.econbiz.de/10013092279
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Foreign exchange intervention when interest rates are zero : does the portfolio balance channel matter after all?
Fatum, Rasmus - 2010
The Japanese zero-interest rate period provides a “natural experiment” for investigating the effectiveness and transmission channels of sterilized intervention when traditional monetary policy options are constrained. This paper takes advantage of the fact that all interventions in the...
Persistent link: https://www.econbiz.de/10008659226
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Foreign exchange intervention when interest rates are zero : does the portfolio balance channel matter after all?
Fatum, Rasmus - 2010 - This version: July 24, 2010
The Japanese zero-interest rate period provides a “natural experiment” for investigating the effectiveness and transmission channels of sterilized intervention when traditional monetary policy options are constrained. This paper takes advantage of the fact that all interventions in the...
Persistent link: https://www.econbiz.de/10008698355
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(De)Stabilizing exchange rate strategies in East Asian monetary and economic integration
Schnabl, Gunther; Spantig, Kristina - 2014
the Japanese yen nor the Chinese yuan can challenge the US dollar has enhanced intra-regional exchange rate stability and …
Persistent link: https://www.econbiz.de/10010436724