The Internationalization of Yen and Key Currency Questions:
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 econo...
Gespeichert in:
1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
1994
|
Schriftenreihe: | IMF Working Papers
Working Paper No. 94/41 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | 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 |
Beschreibung: | 1 Online-Ressource (96 p) |
ISBN: | 1451846037 9781451846034 |
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spelling | Iwami, Toru Verfasser aut The Internationalization of Yen and Key Currency Questions Iwami, Toru Washington, D.C International Monetary Fund 1994 1 Online-Ressource (96 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 94/41 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 Online-Ausg http://elibrary.imf.org/view/IMF001/07107-9781451846034/07107-9781451846034/07107-9781451846034.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Iwami, Toru The Internationalization of Yen and Key Currency Questions |
title | The Internationalization of Yen and Key Currency Questions |
title_auth | The Internationalization of Yen and Key Currency Questions |
title_exact_search | The Internationalization of Yen and Key Currency Questions |
title_exact_search_txtP | The Internationalization of Yen and Key Currency Questions |
title_full | The Internationalization of Yen and Key Currency Questions Iwami, Toru |
title_fullStr | The Internationalization of Yen and Key Currency Questions Iwami, Toru |
title_full_unstemmed | The Internationalization of Yen and Key Currency Questions Iwami, Toru |
title_short | The Internationalization of Yen and Key Currency Questions |
title_sort | the internationalization of yen and key currency questions |
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