Impulse Response of JPY

Periods of time

Stage

Impulse Response of Developing Economies

Impulse Response of Developed Economies

2006/08/01- 2008/9/15

ARS

BRL

IDR

LKR

NIS

PHP

THB

TWD

ZAR

JPY

EUR

USD

1

−0.0007

0.0018

2

0.0007

4

−0.0011

2008/09/16- 2010/6/18

1

0.0058

4

−0.0015

5

−0.0019

−0.0007

7

0.0012

0.0012

2010/06/19- 2015/8/11

1

0.0032

0.0053

2

0.0014

0.0013

0.0011

0.0013

0.0009

0.001

0.0007

3

0.0007

0.0006

0.0003

0.0002

4

0.0001

0.0001

7

0.0007

2015/08/12- 2018/12/31

1

0.0016

2

0.0004

3

0.0016

0.0007

0.0013

0.0003