The Japanese Yen As An International Currency
DOWNLOAD
Download The Japanese Yen As An International Currency PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get The Japanese Yen As An International Currency book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
The Japanese Yen As An International Currency
DOWNLOAD
Author : Mr.George S. Tavlas
language : en
Publisher: International Monetary Fund
Release Date : 1991
The Japanese Yen As An International Currency written by Mr.George S. Tavlas and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991 with Business & Economics categories.
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 Internationalization Of Currencies
DOWNLOAD
Author : Mr.George S. Tavlas
language : en
Publisher: International Monetary Fund
Release Date : 1992-01-15
The Internationalization Of Currencies written by Mr.George S. Tavlas and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992-01-15 with Business & Economics categories.
A tripolar international monetary system-centered on the U.S. dollar, the deutsche mark, and the yen - appears to be emerging. This paper not only assesses the role of the yen as an international currency but also presents a unified theory of international currency use and distinguishes between the roles of a nation as a world banker and as an international financial intermediary.
The Internationalization Of Yen And Key Currency Questions
DOWNLOAD
Author : Toru Iwami
language : en
Publisher: International Monetary Fund
Release Date : 1994-04-01
The Internationalization Of Yen And Key Currency Questions written by Toru Iwami and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994-04-01 with Business & Economics categories.
The role of the yen in the International financial system is reconsidered from a comparative (historical) approach. Compared with the D-Mark in the postwar years, the limited use of the yen results not so much from regulations on capital movements as from the structure and behavior of Japanese economy. The history of the pound-sterling and the U.S. dollar reveals the fact that such factors as the network of foreign trade and economic size constitute the basis and “inertia” of a key-currency. Thus for a currency to rise to a key-position in global transactions, real factors are more decisive than financial market arrangement. Seen from the foreign economic relations, it is not possible for Japan to own a key-currency independent from the U.S. dollar.
Currency Competition And Foreign Exchange Markets
DOWNLOAD
Author : Philipp Hartmann
language : en
Publisher: Cambridge University Press
Release Date : 1998-12-10
Currency Competition And Foreign Exchange Markets written by Philipp Hartmann and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998-12-10 with Business & Economics categories.
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.
The Japanese Foreign Exchange Market
DOWNLOAD
Author : Beate Reszat
language : en
Publisher: Routledge
Release Date : 2002-04-12
The Japanese Foreign Exchange Market written by Beate Reszat and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-04-12 with Business & Economics categories.
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 Internationalisation Of The Yen
DOWNLOAD
Author : Tetsuji Murase
language : en
Publisher:
Release Date : 2000
The Internationalisation Of The Yen written by Tetsuji Murase and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Japan categories.
"Argues that three conditions need to be fulfilled before the yen can become a major international currency ... Focuses on the importance of market principles ..." -- Abstract.
The Yo Yo Yen
DOWNLOAD
Author : B. Brown
language : en
Publisher: Springer
Release Date : 2002-05-01
The Yo Yo Yen written by B. Brown and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-05-01 with Business & Economics categories.
The violent fluctuations of the Japanese yen through the 1980s and 1990s have played a critical role in Japan's economic decline. Brendan Brown highlights the causes of the yen's bizzare behaviour, and analyses the consequences for the Japanese and global economies. Through this analysis he presents an original hypothesis, linking the periodic sharp upswings of the Yen to poor economic performance and offers a new view as to where the responsibility for failure of the Japanese currency market to function normally lies.
Yen Bloc
DOWNLOAD
Author : C. H. Kwan
language : en
Publisher: Rowman & Littlefield
Release Date : 2004-06-23
Yen Bloc written by C. H. Kwan and has been published by Rowman & Littlefield this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-06-23 with Business & Economics categories.
In this important new book, C.H. Kwan asks whether the Japanese yen can, or will, replace the dollar as the key currency in East Asia. Kwan analyzes the implications for Japan and Asia's developing countries should they come together to form a yen bloc—a grouping of countries that use the yen as an international currency and maintain stable exchange rates against the yen. Combining academic analysis with his experience advising the Japanese prime minister and the Japanese minister of finance, Kwan concludes that a yen bloc might benefit Asia's developing countries—as well as Japan—while contributing to a more stable international monetary order. Kwan's book represents the first attempt to explore systematically the possibility of monetary integration in Asia. It also provides a vision for regional integration in Asia in the twenty-first century.
The Role Of The Dollar As An International Currency
DOWNLOAD
Author : Peter B. Kenen
language : en
Publisher:
Release Date : 1983
The Role Of The Dollar As An International Currency written by Peter B. Kenen and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1983 with Dollar, American categories.
Dollar And Yen
DOWNLOAD
Author : Ronald I. McKinnon
language : en
Publisher: MIT Press
Release Date : 1997
Dollar And Yen written by Ronald I. McKinnon and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Business & Economics categories.
Dollar and Yen analyzes the friction between the United States and Japan from the viewpoint of exchange rate economics. From the mid-1950s to the early 1990s, Japan grew faster than any other major industrial economy, displacing the United States in dominance of worldwide manufacturing markets. In the 1970s and 1980s, many books appeared linking the apparent decline of the United States in the world economy to unfair Japanese practices that closed the Japanese market to a wide range of foreign goods. Dollar and Yen analyzes the friction between the United States and Japan from the viewpoint of exchange rate economics. The authors argue against the prevailing view that the trade imbalance should be corrected by dollar depreciation, saying that adjustment through the exchange rate is both ineffective and costly. Stepping outside the traditional dichotomy between international trade and international finance, they link the yen's tremendous appreciation from 1971 to mid-1995 to mercantile pressure from the United States arising from trade tensions between the two countries. Although sometimes resisted by the Bank of Japan, this yen appreciation nevertheless forced unwanted deflation on the Japanese economy after 1985--resulting in two major recessions (endaka fukyos). The authors argue for relaxing commercial tensions between the two countries, and for limiting future economic downturns, by combining a commercial compact for mutual trade liberalization with a monetary accord for stabilizing the yen-dollar exchange rate.