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Assessment Of Weymark'S Measures Of Exchange Market Intervention: The Case Of Japan

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Author Info
Shiu-Sheng Chen
Kenshi Taketa

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Abstract

This paper assesses the validity of the index of foreign exchange market intervention proposed by Weymark. We construct the Weymark index for Japan and then compare it with Japanese public intervention data to evaluate its performance. The results suggest that research using the Weymark index should be interpreted with caution. Copyright 2007 The Authors
Journal compilation 2007 Blackwell Publishing Ltd

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File URL: http://www.blackwell-synergy.com/doi/abs/10.1111/j.1468-0106.2007.00370.x
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Publisher Info
Article provided by Blackwell Publishing in its journal Pacific Economic Review.

Volume (Year): 12 (2007)
Issue (Month): 5 (December)
Pages: 545-558
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Handle: RePEc:bla:pacecr:v:12:y:2007:i:5:p:545-558

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