Exchange rate rebounds after foreign exchange market interventions

descriptionPublicationkeyboard_double_arrow_right Article 01 Mar 2017 English Publisher:Elsevier BVJournal:Physica A: Statistical Mechanics and its Applications, volume 469, pages 102-110 (issn: 0378-4371,

Copyright policy )

Authors: Takeshi Hoshikawa;

doi: 10.1016/j.physa.2016.11.044

Exchange rate rebounds after foreign exchange market interventions

- Summary
- Metrics

Abstract

Abstract This study examined the rebounds in the exchange rate after foreign exchange intervention. When intervention is strongly effective, the exchange rate rebounds at next day. The effect of intervention is reduced slightly by the rebound after the intervention. The exchange rate might have been 67.12–77.47 yen to a US dollar without yen-selling/dollar-purchasing intervention of 74,691,100 million yen implemented by the Japanese government since 1991, in comparison to the actual exchange rate was 103.19 yen to the US dollar at the end of March 2014.

Related Organizations

Kindai University
Japan

Impact byBIP!

	selected citations These citations are derived from selected sources. This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).	5
	popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.	Top 10%
	influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).	Average
	impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.	Average