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The Roosevelt Corollary to the Monroe Doctrine marked a turning point in American foreign policy. In 1904, President Roosevelt announced that, not only were European powers not welcome in the Americas, but that the U.S. had the right to intervene in the affairs of Central American and Caribbean...
Persistent link: https://www.econbiz.de/10013231448
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
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
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
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
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
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
base control in Japan …
Persistent link: https://www.econbiz.de/10013138705
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
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