The yen and the dollar: Irrational exuberance?

Kubarych, Roger M.

"As a global investment advisor, my job is to try to see through the volatility in
international financial markets by using information of the past and our knowledge of theory and
market psychology to make predictions about the future and then invest accordingly.
The title of my talk shamelessly exploits the term popularized by Federal Reserve
Chairman Greenspan some weeks ago when reflecting on the boisterous advance of the U.S.
stock market. I expropriate it to draw attention to the very important, frequently controversial,
and sometimes even emotional question of the appropriate level of the yen-dollar exchange rate."

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Academic Units
Center on Japanese Economy and Business
Center on Japanese Economy and Business, Graduate School of Business, Columbia University
Center on Japanese Economy and Business Occasional Papers, 31
Published Here
February 16, 2011