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Myths and reality of foreign exchange interventions: an application to Japan
Author(s) -
Ito Takatoshi
Publication year - 2007
Publication title -
international journal of finance and economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.505
H-Index - 39
eISSN - 1099-1158
pISSN - 1076-9307
DOI - 10.1002/ijfe.336
Subject(s) - mythology , psychological intervention , foreign exchange , economics , intervention (counseling) , positive economics , international economics , monetary economics , psychology , history , classics , psychiatry
The objective of this paper is to examine what we know, and do not know, about foreign exchange interventions by the monetary authorities, and to present some new evidence on the Japanese intervention activities. With limited data, efforts are made to determine whether some conventionally made assertions are a myth or a fact. Copyright © 2007 John Wiley & Sons, Ltd.