Publication

Apr 2012

The coordination channel has recently been established as an additional means by which foreign exchange market intervention may be effective. The authors apply the framework developed in Reitz and Taylor (2008) to data on the Yen-US dollar exchange rate and on Federal Reserve and Japanese Ministry of Finance intervention operations. The results provide further support for the coordination channel of intervention effectiveness.

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Author Stefan Reitz, Mark P Taylor
Series Kiel Institute Working Papers
Issue 1765
Publisher Kiel Institute for the World Economy
Copyright © 2012 Kiel Institute for the World Economy
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