Regime Shift of Japanese Foreign Exchange Policy: Some findings
Regime Shift of Japanese Foreign Exchange Policy: Some findings
复制标题
日本外汇政策的制度转变：一些发现
DOI：
10.1080/13504851.2011.566003
复制
发表时间：
2012
影响因子：
1.6
通讯作者：
Takeshi Hoshikawa
中科院分区：
文献类型：
--
作者：
Aman;H.;Kasuga;N.;and Moriyasu;.H.;鯉渕賢;Takeshi Hoshikawa
本文利用1973年1月至2005年9月的月度数据考察了日本外汇政策的制度变迁。我们采用Gregory和Hansen提出的基于残差的协整检验来检测日本汇率政策的变化。带断点的协整检验结果表明，汇率与日本国际储备存在长期关系。
This article examines the regime shift of Japanese foreign exchange policy using monthly data from 1973:1 to 2005:9. We employ the residual-based tests for cointegration with regime shifts proposed by Gregory and Hansen to detect the change of Japanese exchange rate policy. The result of cointegration test with break shows that exchange rate and Japanese international reserves have long-run relationship.