TY - JOUR
T1 - A note on the yen/dollar rate without foreign exchange intervention
AU - Hoshikawa, Takeshi
AU - Yamaguchi, Keiko
N1 - Funding Information:
We thank Seiichi Fujita (Kobe University), Hidehumi Yamagami (Kinki University), Kentaro Iwatsubo (Kobe University) and Kazuyuki Inagaki (Onomichi University) for providing us with very useful comments about the earlier version of this article. We thank the participants of International Monetary Economics Study Group seminar and the Japan Society of Monetary Economics. This work was supported by KAKENHI (23730316).
Copyright:
Copyright 2012 Elsevier B.V., All rights reserved.
PY - 2013
Y1 - 2013
N2 - This article shows what the yen/dollar rate would be without foreign exchange interventions by the Japanese government for 61 086 billion yen. If there had been no interventions, then the yen/dollar rate in June 2011 may have been 54.30 instead of the actual rate of 80.52.
AB - This article shows what the yen/dollar rate would be without foreign exchange interventions by the Japanese government for 61 086 billion yen. If there had been no interventions, then the yen/dollar rate in June 2011 may have been 54.30 instead of the actual rate of 80.52.
KW - Exchange rate
KW - Foreign exchange intervention
KW - International reserves
KW - Japan
UR - http://www.scopus.com/inward/record.url?scp=84868149425&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=84868149425&partnerID=8YFLogxK
U2 - 10.1080/13504851.2012.689097
DO - 10.1080/13504851.2012.689097
M3 - Article
AN - SCOPUS:84868149425
VL - 20
SP - 238
EP - 243
JO - Applied Economics Letters
JF - Applied Economics Letters
SN - 1350-4851
IS - 3
ER -