The Japanese Foreign Exchange Market

The Japanese Foreign Exchange Market PDF Author: Beate Reszat
Publisher: Routledge
ISBN: 1134766181
Category : Business & Economics
Languages : en
Pages : 285

Get Book

Book Description
In recent years, Japan's financial market has seen dramatic changes, in particular the explosive growth of currency trading and the increasing international role of the yen. This book gives a comprehensive overview of this activity. This work is the first non-Japanese language title to examine the prolific rise of Japan's foreign currency exchange market, its idiosyncracies, and its future role in the global economy. It is vital reading for economists and students of Japan-related subjects.

The Japanese Foreign Exchange Market

The Japanese Foreign Exchange Market PDF Author: Beate Reszat
Publisher: Routledge
ISBN: 1134766181
Category : Business & Economics
Languages : en
Pages : 285

Get Book

Book Description
In recent years, Japan's financial market has seen dramatic changes, in particular the explosive growth of currency trading and the increasing international role of the yen. This book gives a comprehensive overview of this activity. This work is the first non-Japanese language title to examine the prolific rise of Japan's foreign currency exchange market, its idiosyncracies, and its future role in the global economy. It is vital reading for economists and students of Japan-related subjects.

The Development, Operation and Control of the Japanese Foreign Exchange Market

The Development, Operation and Control of the Japanese Foreign Exchange Market PDF Author: Peter Roope
Publisher:
ISBN:
Category : Australia
Languages : en
Pages : 92

Get Book

Book Description


The Japanese Yen as an International Currency

The Japanese Yen as an International Currency PDF Author: Mr.George S. Tavlas
Publisher: International Monetary Fund
ISBN: 1451930992
Category : Business & Economics
Languages : en
Pages : 61

Get Book

Book Description
The role of the Japanese yen as an international currency is assessed. It is found that the determinants of international-currency use imply some increase for the yen’s use in international finance; however, the implications for the yen’s use in international trade are mixed. It is also shown that, despite Japan’s emergence as the world’s largest net creditor nation, Japan’s capital outflows have not significantly facilitated the yen’s internationalization. Data are presented showing that, although the yen’s use as an international currency has increased, it is still rather modest. Wider use of the yen as a regional currency in Asia has occurred, though a “yen-zone” does not appear to be emerging.

The Japanese Money Market

The Japanese Money Market PDF Author: Robert Firestone Emery
Publisher: Lexington Books
ISBN:
Category : Money market
Languages : en
Pages : 168

Get Book

Book Description


Japan's Response to Crisis and Change in the World Economy

Japan's Response to Crisis and Change in the World Economy PDF Author: Michèle Schmiegelow
Publisher: Routledge
ISBN: 131723510X
Category : Business & Economics
Languages : en
Pages : 242

Get Book

Book Description
Originally published in 1986, after a period of global changes and financial crisis in the majority of industrialised countries, this book explores how Japan’s economy seemed to maintain its success. This study provides an overview of the Japanese case and the main schools of thought that arose from it by dealing with export-related issues such as reforms in foreign exchange and trade control laws and the internationalisation of Japan’s financial markets as well as more domestic issues such as employment and wages. This title will be of interest to students of Asian Studies and Economics.

Currency Competition and Foreign Exchange Markets

Currency Competition and Foreign Exchange Markets PDF Author: Philipp Hartmann
Publisher: Cambridge University Press
ISBN: 0521632730
Category : Business & Economics
Languages : en
Pages : 212

Get Book

Book Description
Currency Competition and Foreign Exchange Markets by Philipp Hartmann of the European Central Bank is a major theoretical and empirical study of international currencies, which focuses on the role which the Euro will play in the international monetary and financial system along with the US dollar and the Japanese yen. In contrast to much of the existing literature which approaches the subject from a macroeconomic perspective, Philipp Hartmann develops a theoretical model which uses game theory, time series and panel econometrics, and links financial markets analysis with transaction cost economics. The results of Currency Competition and Foreign Exchange Markets are presented with reference to political, historical and institutional considerations, and provide accessible answers to policy-makers, business people and scholars worldwide. The sections on Spread Estimation and Multiple Vehicles with Inter-Dealer Price and Entry Competition will be of particular use for finance professionals.

Conquering the Fear of Freedom

Conquering the Fear of Freedom PDF Author: Shinji Takagi
Publisher: Oxford University Press, USA
ISBN: 0198714653
Category : Business & Economics
Languages : en
Pages : 333

Get Book

Book Description
Conquering the Fear of Freedom presents an analytical review of Japanese exchange rate policy from the end of World War II to the present. It examines how authorities, starting with the imposition of draconian controls over all international financial flows, moved toward eliminating virtually all state interference regulating foreign exchange transactions, including official intervention in the foreign exchange market. It describes how policy and institutional frameworks evolved, explains their domestic and international contexts, and assesses the impacts and consequences of policy actions. Following successful exchange rate-based stabilization in the early 1950s, Japan entered the world trading system with an overvalued currency, which helped perpetuate exchange and capital controls. As the culture of administrative control became ingrained, Japan took a decidedly gradualist approach to establishing current and capital account convertibility. The protracted capital account liberalization, coupled with slow domestic financial liberalization, created large swings in the yen's exchange rate when it was floated in the 1970s. Politicization by major trading partners of Japan's large bilateral trade surplus pressured authorities to subordinate domestic stability to external objectives. The ultimate outcome was costly: from the late 1980s, Japan successively experienced asset price inflation, a banking crisis, and economic stagnation. The book concludes by arguing that the shrinking trade surplus against the background of profound structural changes, the rise of China that has diminished the political intensity of any remaining bilateral economic issues, and the world's sympathy over two decades of deflation have given Japan, at least for now, the freedom to use macroeconomic policies for domestic purposes.

The Political Economy of Japan Money

The Political Economy of Japan Money PDF Author: Shigeo Nakao
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 232

Get Book

Book Description


The Japanese Foreign Exchange Market

The Japanese Foreign Exchange Market PDF Author: Beate Reszat
Publisher: Routledge
ISBN: 113476619X
Category : Business & Economics
Languages : en
Pages : 247

Get Book

Book Description
In recent years, Japan's financial market has seen dramatic changes, in particular the explosive growth of currency trading and the increasing international role of the yen. This book gives a comprehensive overview of this activity. This work is the first non-Japanese language title to examine the prolific rise of Japan's foreign currency exchange market, its idiosyncracies, and its future role in the global economy. It is vital reading for economists and students of Japan-related subjects.

IMF Staff papers

IMF Staff papers PDF Author: International Monetary Fund. Research Dept.
Publisher: International Monetary Fund
ISBN: 1451947232
Category : Business & Economics
Languages : en
Pages : 223

Get Book

Book Description
From the Foreword to the first issue: “Among the responsibilities of the International Monetary Fund, as set forth in the Articles of Agreement, is the obligation to fact as a center for the collection and exchange of information on monetary and financial problems,’ and thereby to facilitate ‘the preparation of studies designed to assist members in developing policies which further the purposes of the Fund.’ The publications of the Fund are one way in which this responsibility is discharged. “Through the publication of Staff Papers, the Fund is making available some of the work of members of its staff. The Fund believes that these papers will be found helpful by government officials, by professional economists, and by others concerned with monetary and financial problems. Much of what is now presented is quite provisional. On some international monetary problems, final and definitive views are scarcely to be expected in the near future, and several alternative, or even conflicting, approaches may profitably be explored. The views presented in these papers are not, therefore, to be interpreted as necessarily indicating the position of the Executive Board or of the officials of the Fund.”