Dynamics of Exchange Rate Fluctuations between Yen and the US-Dollar

T. Obara ()

Applied Econometrics and International Development, 2004, vol. 4, issue 1

Abstract: Fluctuations of yen exchange rate to US-dollar are analyzed by a method of classical mechanics. The fluctuations are explained by a linear inhomogeneous differential equation of the second order with a constant coefficient. The inhomogeneous term is an external force. Using a method of the least squares, we determine a polynomial expression of the external force. It is known that the depreciation of yen is caused by decreasing of the external force toward its minimum.

JEL-codes: C51 (search for similar items in EconPapers)
Date: 2004
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