Obara, T. - In: International Journal of Applied Econometrics and … 2 (2005) 4, pp. 73-86
The Japanese monetary authority intervenes into the foreign exchange market on and off. The influence of the operations on the fluctuation of the yen exchange rate to U.S. dollar is examined in the period of September 17 through 28, 2001. A cyclic behavior is found in correlation functions of...