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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English (PDF, 27 pages, 272 KB) |
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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 |