RT Journal Article
T1 Implicit bands in the yen/dollar exchange rate
A1 Ledesma Rodríguez, Francisco
A1 Navarro Ibáñez, Manuel
A1 Pérez Rodriguez, Jorge
A1 Sosvilla Rivero, Simón Javier
AB This article attempts to identify implicit exchange rate regimes for the yen/dollar exchange rate. To that end, we apply a sequential procedure that considers both the dynamics of exchange rates and central bank interventions to data covering the period from 1971 to 2003. Our results suggest that implicit bands existed in two subperiods: April–December 1980 and March–October 1987, the latter coinciding with the Louvre Accord. Furthermore, the study of the credibility of such implicit bands indicates the high degree of confidence attributed by economic agents to the evolution of the yen/dollar exchange rate within the detected implicit band rate, thus lending further support to the relevance of such implicit bands.
PB Taylor & Francis
SN 1466-4283
YR 2011
FD 2011
LK https://hdl.handle.net/20.500.14352/42992
UL https://hdl.handle.net/20.500.14352/42992
LA eng
NO Ministerio de Ciencia e Innovación (MICINN)
DS Docta Complutense
RD 21 abr 2025