Skip to main content
Economic Synopses logo

These brief essays delve into the economic issues of the day for a generally informed readership.


2011, No. 23 (Posted 2011-07-27)

The Great Foreign Exchange Intervention of 2011

by Christopher J. Neely

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.

Cite this article





Subscribe to our newsletter


Follow us

Twitter logo Google Plus logo Facebook logo YouTube logo LinkedIn logo
Back to Top