Author : Tetsuji Murase
Publisher :
Page : 50 pages
File Size : 13,47 MB
Release : 2000
Category : Japan
ISBN :
"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.
Author : Oyez International Business Communications Ltd
Publisher :
Page : pages
File Size : 24,79 MB
Release : 1984
Category : Finance
ISBN :
Author : Richard S. Thorn
Publisher : Institute of Southeast Asian Studies
Page : 145 pages
File Size : 32,71 MB
Release : 1987
Category : History
ISBN : 9971988755
Japan has become the world's second largest economy and the number one exporter of financial capital. Tokyo has taken its place as a first-tier financial centre alongside London and New York. This study analyses the far-reaching effects of these developments on both Japan and the world capital markets.
Author : Toru Iwami
Publisher : International Monetary Fund
Page : 96 pages
File Size : 18,84 MB
Release : 1994-04-01
Category : Business & Economics
ISBN : 1451846037
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.
Author : Mr.George S. Tavlas
Publisher : International Monetary Fund
Page : 72 pages
File Size : 40,97 MB
Release : 1992-01-15
Category : Business & Economics
ISBN :
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.
Author : Philipp Hartmann
Publisher : Cambridge University Press
Page : 212 pages
File Size : 47,81 MB
Release : 1998-12-10
Category : Business & Economics
ISBN : 0521632730
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.
Author : Jeffrey A. Frankel
Publisher : MIT Press (MA)
Page : 96 pages
File Size : 42,96 MB
Release : 1984
Category : Business & Economics
ISBN :
This monograph covers Japan-US trade and the allegation that the yen is artificially undervalued, liberalization of international capital flows, internationalization of the yen, treatment of US financial institutions in Japan, liberalization of domestic capital markets, public reaction to the liberalization of October 1983-May 1984, and the current account and saving in Japan. Now available directly from: IIE 11 Dupont Circle, NW Washington, DC 20036 Tel: (202) 328-9000
Author : Masao Tanuma
Publisher :
Page : 92 pages
File Size : 29,15 MB
Release : 1985
Category : Japan
ISBN :
Author : Beate Reszat
Publisher : Routledge
Page : 285 pages
File Size : 17,7 MB
Release : 2002-04-12
Category : Business & Economics
ISBN : 1134766181
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.
Author : Dilip K. Das
Publisher : Springer
Page : 241 pages
File Size : 48,51 MB
Release : 1993-06-18
Category : Business & Economics
ISBN : 1349128120
The decision of the G-5 countries to appreciate the yen during the Plaza accord was of great significance for Japan because this was the sharpest appreciation among the leading currencies. The author assesses how both developing and industrialized economies felt the full force of this expansion.
