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ASSESSMENT OF WEYMARK'S MEASURES OF EXCHANGE MARKET INTERVENTION: THE CASE OF JAPAN
Author(s) -
Chen ShiuSheng,
Taketa Kenshi
Publication year - 2007
Publication title -
pacific economic review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.34
H-Index - 33
eISSN - 1468-0106
pISSN - 1361-374X
DOI - 10.1111/j.1468-0106.2007.00370.x
Subject(s) - index (typography) , foreign exchange market , intervention (counseling) , foreign exchange , economics , construct (python library) , econometrics , actuarial science , psychology , monetary economics , computer science , psychiatry , world wide web , programming language
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.