haku: @freeterm intervention / yhteensä: 7
viite: 6 / 7
| Tekijä: | Cai, J. (et al.) |
| Otsikko: | "Once-in-a-generation" yen volatility in 1998: fundamentals, intervention, and order flow |
| Lehti: | Journal of International Money and Finance
2001 : JUN, VOL. 20:3, p. 327-347 |
| Asiasana: | CENTRAL BANKS EXCHANGE RATES JAPAN |
| Vapaa asiasana: | INTERVENTION ORDER FLOW |
| Kieli: | eng |
| Tiivistelmä: | The dramatic yen/dollar volatility of 1998 has been populary ascribed to order flow driven by changing tastes for risk and hedge-fund herding on unwinding yen "carry trade" positions rather than fundamentals. High-frequency evidence of shifting fundamentals is provided be a comprehensive list of macroeconomic announcements. News is found to have significant effects on volatility, but order flow may play a more important role. |
SCIMA