Is Foreign Exchange Intervention Effective?: The Japanese Experiences in the 1990s

220 citations recorded by the source corpus.

Subfields: Finance

How researchers see this paper

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The Zero-Interest-Rate Bound and the Role of the Exchange Rate for Monetary Policy in Japan (2003, unknown): “More recently, empirical studies such as Evans and Lyons (2001) and research using data on Japanese foreign exchange interventions such as Ito (2002) and Fatum and Hutchison (2002) are more supportive of a portfolio-balance effect.”
Communication and Exchange Rate Policy (2008, background): “These results for the yen-US dollar are similar to those found in Ito (2002) for a shorter time period.”
An Analysis of Recent Studies of the Effect of Foreign Exchange Intervention (2005, unknown): “…they do not use that term— because they characterize the behavior of exchange rates around periods of intervention, without explicitly identifying a structural relation: Humpage (1999, 2000), Aguilar and Nydalh (2000), Kim, Kortian and Sheen (2000), Ito (2002), and Chaboud and Humpage (2005).”
Effectiveness of Official Daily Foreign Exchange Market Intervention Operations in Japan (2003, methodology): “Another early paper using the newly available Japanese intervention data is a study by Ito (2002).”