دانلود رایگان مقاله ریباند نرخ ارز پس از مداخلات بازار ارز خارجی

عنوان فارسی
ریباند نرخ ارز پس از مداخلات بازار ارز خارجی
عنوان انگلیسی
Exchange rate rebounds after foreign exchange market interventions
صفحات مقاله فارسی
0
صفحات مقاله انگلیسی
9
سال انتشار
2017
نشریه
الزویر - Elsevier
فرمت مقاله انگلیسی
PDF
کد محصول
E5097
رشته های مرتبط با این مقاله
علوم اقتصادی
گرایش های مرتبط با این مقاله
اقتصاد پولی و اقتصاد مالی
مجله
فیزیک A - Physica A
دانشگاه
Faculty of Economics
کلمات کلیدی
قیمت ارز، مداخلات ارز خارجی، امور مالی بین المللی
چکیده

abstract


This study examined the rebounds in the exchange rate after foreign exchange intervention. When intervention is strongly effective, the exchange rate rebounds at next day. The effect of intervention is reduced slightly by the rebound after the intervention. The exchange rate might have been 67.12–77.47 yen to a US dollar without yen-selling/dollarpurchasing intervention of 74,691,100 million yen implemented by the Japanese government since 1991, in comparison to the actual exchange rate was 103.19 yen to the US dollar at the end of March 2014.

نتیجه گیری

4. Conclusion


This study examined the rebounds in the exchange rate after foreign exchange intervention. When intervention is strongly effective, the exchange rate rebounds at next day. The effect of intervention is reduced slightly by the rebound after the intervention. The exchange rate might have been 67.12–77.47 yen to a US dollar without yen-selling/dollar-purchasing intervention of 74,691,100 million yen implemented by the Japanese government since 1991 (the actual exchange rate was 103.19 yen to the US dollar). Such results present important implications for considering the relation between the exchange rate and rapidly increasing foreign exchange reserves in East Asia.


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