of Japan (BOJ), the yen depreciated about 25% against the dollar, stoking fears of a return to Japan bashing by the US …. However, this sharp depreciation simply restored the purchasing power parity of the yen with the dollar so it should even out … deep devaluations. But under the postwar dollar standard, the central position of the US was key to maintaining the peace …

Notwithstanding incumbency advantages and network effects enjoyed by the United States (US) dollar, considerations …, and yen separately have on movements of Asian currencies. Contrary to recent evidence based on daily data, we found … than by the yuan or the yen individually within the sample period we used. To the extent that exchange rates in the region …

Notwithstanding incumbency advantages and network effects enjoyed by the United States (US) dollar, considerations … and yen separately have on movements of Asian currencies. Contrary to recent evidence based on daily data, we found … than by the yuan or the yen individually within the sample period we used. To the extent that exchange rates in the region …

use of the yuan, this paper turns to the internationalization of the Japanese yen and compares it with what the PRC is … distinguish the PRC's current strategy from the Japanese experience in the 1980s. The yen's development as an international … integration in the region, and that the Japanese yen's function as an international asset and store of value can be further …

changes in United States dollar-denominated loans extended to Asian borrowers. We found that the growth of dollar credit in …

, and interest rates are set too low because the yuan is closely linked to the US dollar. Low interest rates have fueled …

dominated by the US dollar in the foreseeable future. It also explains why the People’s Republic of China is unlikely to make …