In recent years, Japan's financial market has seen dramatic changes, in particular the explosive growth of currency trading and the increasing international rol

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 t

This eye-opening book offers a disturbing new look at Japan's post-war economy and the key factors that shaped it. It gives special emphasis to the 1980s and 19

This book focuses on the conduct of exchange rate and monetary policies in the Pacific Basin.

During the twentieth century, foreign-exchange intervention was sometimes used in an attempt to solve the fundamental trilemma of international finance, which h