| Effects of Japanese intervention on yen/dollar exchange rate volatility: a conditional jump dynamics approach | |
|---|---|
| 學年 | 98 |
| 學期 | 2 |
| 出版（發表）日期 | 2010-03-01 |
| 作品名稱 | Effects of Japanese intervention on yen/dollar exchange rate volatility: a conditional jump dynamics approach |
| 作品名稱（其他語言） | |
| 著者 | Wan, Jer-yuh; Kao, Chung-wei |
| 單位 | 淡江大學經濟學系 |
| 出版者 | Abingdon: Routledge |
| 著錄名稱、卷期、頁數 | Applied Economics Letters 17(4), pp.367-373 |
| 摘要 | This article investigates the effects of foreign exchange interventions by the Japanese authorities on the level as well as the volatility of yen/dollar exchange rate. The empirical results show interventions in the last decade were effective not only in altering the exchange rate level, but also in volatility reduction. Jump events that tended to drive yen's appreciations and volatility increases have been effectively reduced by the 'large-in-size' interventions during the last decade. Our findings are in compliance with the coordination channel that explains the effectiveness in intervention proposed by Taylor (2004) and Reitz and Taylor (2006). |
| 關鍵字 | Economics; Macroeconomics |
| 語言 | en |
| ISSN | 1350-4851; 1466-4291 |
| 期刊性質 | 國外 |
| 收錄於 | SSCI |
| 產學合作 | |
| 通訊作者 | Wan, Jer-yuh |
| 審稿制度 | |
| 國別 | GBR |
| 公開徵稿 | |
| 出版型式 | 紙本 |
| 相關連結 |
機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/50340 ) |
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