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Does foreign exchange intervention reduces the exchange rate volatility?

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  • Takeshi Hoshikawa

Abstract

We report that the Japanese foreign exchange intervention reduces the yen/US dollar exchange rate volatility. Numerous studies generally concluded that foreign exchange interventions increased exchange rate volatility using daily data. The results of our article using monthly data are contrary to results of previous studies.

Suggested Citation

  • Takeshi Hoshikawa, 2008. "Does foreign exchange intervention reduces the exchange rate volatility?," Applied Financial Economics Letters, Taylor and Francis Journals, vol. 4(3), pages 221-224.
  • Handle: RePEc:taf:apfelt:v:4:y:2008:i:3:p:221-224
    DOI: 10.1080/17446540701720485
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    References listed on IDEAS

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    1. Takatoshi Ito, 2003. "Is foreign exchange intervention effective? The Japanese experiences in the 1990s," Chapters,in: Monetary History, Exchange Rates and Financial Markets, chapter 5 Edward Elgar Publishing.
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    Cited by:

    1. Muteba Mwamba, John & Dube, Sandile, 2014. "The impact of exchange rate volatility on international trade between South Africa, China and USA: The case of the manufacturing sector," MPRA Paper 64389, University Library of Munich, Germany.

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