Kiel Working Papers, Kiel Institute for World Economics
No 1108:
The Accuracy of Press Reports Regarding the Foreign Exchange Interventions of the Bank of Japan
Michael Frenkel, Christian Pierdzioch and Georg Stadtmann
Abstract: This paper presents evidence on the accuracy of press
reports regarding the foreign exchange market interventions conducted by
the Bank of Japan (BoJ) between January 1995 and December 1999. We find
that the reports of interventions in the financial press are a relatively
inaccurate indicator for the actual interventions of the BoJ. We also find
that the accuracy of press reports of BoJ interventions is higher for those
interventions which were carried out jointly by the BoJ and the Federal
Reserve.
Keywords: Foreign exchange market; Central bank interventions; Press reports of interventions; Bank of Japan; (follow links to similar papers)
JEL-Codes: F31; F33; G14; G15; (follow links to similar papers)
20 pages, May 2002
Before downloading any of the electronic versions below
you should read our statement on
copyright.
Download GhostScript
for viewing Postscript files and the
Acrobat Reader for viewing and printing pdf files.
Downloadable files:
kap1108.pdf 
Download Statistics
Report other problems with accessing this service to Sune Karlsson ()
or Helena Lundin ().
Programing by
Design Joakim Ekebom
