2026-06-28T15:16:41Zhttps://docta.ucm.es/rest/oai/requestoai:docta.ucm.es:20.500.14352/429922025-02-13T18:39:32Zcom_20.500.14352_14col_20.500.14352_15
Docta Complutense
author
Ledesma Rodríguez, Francisco
author
Navarro Ibáñez, Manuel
author
Pérez Rodriguez, Jorge
author
Sosvilla Rivero, Simón Javier
2023-06-20T00:48:03Z
2023-06-20T00:48:03Z
2011
1466-4283
10.1080/00036840802600384
https://hdl.handle.net/20.500.14352/42992
https://doi.org/10.1080/00036840802600384
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.
eng
Implicit bands in the yen/dollar exchange rate
journal article
URL
https://docta.ucm.es/bitstreams/f6ac88d4-9a7c-4d56-ba39-781defbe2fca/download
File
MD5
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application/pdf
Implicit bands-Ledesma-Rodríguez(Postprint).pdf
URL
https://docta.ucm.es/bitstreams/9364b547-f6b0-4b40-b20c-a860fb31d49a/download
File
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a4710eafbda2c3084e09f9938572f4e5
68332
text/plain
Implicit bands-Ledesma-Rodríguez(Postprint).pdf.txt