Journal Article
The great foreign exchange intervention of 2011
Abstract: In response to volatile market conditions, the G-7 financial authorities announced late on March 17 that they would jointly intervene the next day to reduce the value of the yen, citing concerns about ?excess volatility and disorderly movements.? The yen immediately depreciated and traded with much less volatility in the subsequent week.
Keywords: Yen, Japanese; Foreign exchange;
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Bibliographic Information
Provider: Federal Reserve Bank of St. Louis
Part of Series: Economic Synopses
Publication Date: 2011
Order Number: 23