The Intra-Daily Exchange Rate Dynamics and Monetary Policies After the G5 Agreement

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Takatoshi Ito;

This paper investigates determinants of yen appreciation from the G5 agreement of September 1985 to the end of May, 1986. During that period, four waves of appreciation separated by calm periods are identified. For each wave and calm period, the changes in the yen/dolla... View more
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