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Risk-Adjusted Gamma Discounting
Weitzman, Martin - 2010
It is widely recognized that the economics of distant-future events, like climate change, is critically dependent upon the choice of a discount rate. Unfortunately, it is unclear how to discount distant-future events when the future discount rate itself is unknown. In previous work, an...
Persistent link: https://www.econbiz.de/10013149706
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Adoptive Expectations : Rising Sons in Japanese Family Firms
Mehrotra, Vikas - 2011
postwar Japan than generally realized, and also performing well - an unusual finding for a developed economy. Adopted heirs …
Persistent link: https://www.econbiz.de/10013128613
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Currency and Financial Crises of the 1990s and 2000s
Razin, Assaf - 2011
leading to severe banking crisis in Japan; 2) The foreign reserves' meltdown triggered by foreign hot money flight from frothy …
Persistent link: https://www.econbiz.de/10013130560
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The Market Microstructure of Central Bank Intervention
Dominguez, Kathryn M.E. - 2011
One of the great unknowns in international finance is the process by which new information influences exchange rate behavior. This paper focuses on one important source of information to the foreign exchange markets, the intervention operations of the G-3 central banks. Previous studies using...
Persistent link: https://www.econbiz.de/10013132797
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Property Rights and Financial Development : The Legacy of Japanese Colonial Institutions
Yoo, Dongwoo - 2010
this line of research to Asia. Japan imposed its system of well-defined property rights in land on some of its Asian … colonies, including Korea, Taiwan and Palau. In 1939 Japan began to survey and register private land in its island colonies, an … land registration obsolete. Third, considering all of Japan's colonies, we use the presence or absence of a land survey as …
Persistent link: https://www.econbiz.de/10013135762
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Business Fixed Investment and the Recent Business Cycle in Japan
Kiyotaki, Nobuhiro - 2010
To analyze business fixed investment in Japan, which has been unusually volatile in recent years, we develop and apply …
Persistent link: https://www.econbiz.de/10013137602
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The Consumption Response to Seasonal Income : Evidence from Japanese Public Pension Benefits
Stephens, Melvin - 2010
Japanese public pension benefits, which were distributed quarterly through February 1990 and every other month since then, induce substantial but predictable income fluctuations. The relative magnitude of the payments combined with the delay between payments yields a stronger test of the...
Persistent link: https://www.econbiz.de/10013138326
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Specification and Analysis of a Monetary Policy Rule for Japan
McCallum, Bennett T. - 2010
base control in Japan …
Persistent link: https://www.econbiz.de/10013138705
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Japan's High Saving Rate Reaffirmed
Dekle, Robert - 2010
therefore overstate the national saving rate. Recently, Hayashi has recalculated Japan's national saving according to the … American Department of Commerce definition and found that from the mid-1970s until today, Japan's national saving rate is … measures are constructed from the balance sheets of the household sectors in the United States and Japan. Far from being equal …
Persistent link: https://www.econbiz.de/10013139429
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Why Has the Yen Failed to Become a Dominant Invoicing Currency in Asia? A Firm-Level Analysis of Japanese Exporters' Invoicing Behavior
Ito, Takatoshi - 2010
It has been a well-known puzzle why the yen has not been used more in trade invoicing among Japanese exporters. Despite the yen's status as an only fully convertible currency in Asia, two patterns stand out as puzzling features of an excessively small share of yen invoicing: First, a strong...
Persistent link: https://www.econbiz.de/10013139736