Interventions have had small, but persistent, effects on yen-dollar rate
IMF Survey › Nbr. 29-15, July 2000 › Summary
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Interventions have had small, but persistent, effects on yen-dollar rate
Ramaswamy: Changes in the yen-dollar rate tend to have systemic implications for the global economy.
In recent years, there has been growing skepticism about the ability of central bank interventions to move exchange rates in the desired direction. A new IMF Working Paper argues, however, that interventions in the yen-dollar rate have had small, but persistent, effects. Authors Ramana Ramaswamy, a Senior Economist in the IMF’s Asia and Pacific Department, and Hossein Samiei, a Senior Economist in the IMF’s European I Department, spoke with the IMF Survey about their findings. IMF SURVEY: What prompted you to ex...See the full content of this document
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