War. The main purpose of the paper is to identify what is (and was) China's 'normal' level of foreign trade, and how these …

We explore the parallels between Japanese currency policy after World War II and Chinese currency policy today. After … two decades of pegging at 360 yen, Japan decoupled from the dollar on August 1971 and then repegged at a revalued rate of … to recent Chinese policy initiatives. We analyze the impact of Japan's exit from its peg on exports and investment. The …

interest to policymakers at the time of adoption. We examine the political economy of Japan's adoption of the gold standard in … contrast to previous studies examining bond yields, we find little evidence that joining the gold standard reduced Japan … policymakers suggested, we find that membership in the gold standard increased Japan's exports by lowering transactions costs and …

in the postwar Japanese history after the chaotic hyperinflation following the end of the Second World War. Traditionally …Japan suffered a very high inflation rate in 1973-74. The CPI inflation rate rose to near 30% in 1974, the highest rate … rapid yen appreciation produced political pressure on the Bank of Japan to continue easing. The Bank of Japan came out of …