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Restrictions on international capital transactions and other payments are usually designed to limit volatile short-term capital flows ( hot money ) and stabilize the exchange rate. Their imposition, however, may have the opposite effect by inadvertently signaling the continuation of...
Persistent link: https://www.econbiz.de/10011536657
A large literature on the appropriate sequencing of financial liberalization suggests that removing capital controls prematurely may contribute to currency instability. This paper investigates whether legal restrictions on international capital flows are associated with greater currency...
Persistent link: https://www.econbiz.de/10014123719
estimate the ATE for daily Bank of Japan intervention over the January 1999 to March 2004 period. This sample encompasses a …
Persistent link: https://www.econbiz.de/10010285321
estimate the ATE for daily Bank of Japan intervention over the January 1999 to March 2004 period. This sample encompasses a …
Persistent link: https://www.econbiz.de/10010320893
Bank of Japan policy? …
Persistent link: https://www.econbiz.de/10010320957
intraday JPY/USD exchange rate responses to a broad set of comparable news surprises from both the U.S. and Japan. We show that … news surprises from Japan are as influential as those from the U.S. in moving 5-minute JPY/USD exchange rate returns and …
Persistent link: https://www.econbiz.de/10003811787
surprises from both the U.S. and Japan. We attempt to fill this gap in the literature by investigating the effects of both U … macro news emanate from Japan. This finding is robust across three different estimation procedures. In addition, we find …
Persistent link: https://www.econbiz.de/10003854798
estimate the ATE for daily Bank of Japan intervention over the January 1999 to March 2004 period. This sample encompasses a … 2004. -- Foreign exchange intervention ; Bank of Japan ; self-selection ; matching methods …
Persistent link: https://www.econbiz.de/10003855360
intervention in Japan over the January 1999 to March 2004 period. This sample encompasses a remarkable variation in intervention …
Persistent link: https://www.econbiz.de/10012711695
Persistent link: https://www.econbiz.de/10012712000