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Persistent link: https://www.econbiz.de/10004142304
empirical results of Yen's use in Japan's exports justifies the model's conclusion and shows that commercial pressure and …
Persistent link: https://www.econbiz.de/10010561531
Persistent link: https://www.econbiz.de/10004091183
Persistent link: https://www.econbiz.de/10004372521
Parallel zu der Abwertung des Yen von November 1988 (120,67 Y/$) bis April 1990 (160,35 Y/$), fielen die Aktienkurse an … der Börse von Tokyo. Die Bank von Japan hat in dieser Zeit durch fünf Diskontsatzerhöhungen den japanischen Zins dem … steigenden Yen-Wechselkursen, wurde von dem "triple decline" abgelöst. Im Aufsatz werden die Hintergründe der Zins-, Aktien- und …
Persistent link: https://www.econbiz.de/10005055970
Ministeriums für Internationalen Handel und Industrie (MITI). Erheblich stärker als von den monetären Restriktionen wird die … Konkurrenzfähigkeit der japanischen Hersteller jedoch von der massiven Aufwertung des Yen in den letzten Jahren beeinträchtigt. Der Yen …
Persistent link: https://www.econbiz.de/10005013814
This paper examines the problems in establishing currency convertibility- and the optimal timing- in formerly planned economies making the transition to market-oriented systems.
Persistent link: https://www.econbiz.de/10005824848
The credibility of the exchange rate bands in the Nordic countries during 1987-91 is examined with two tests. The results suggest that the credibility of Finland’s exchange rate band within a twelve-month horizon could not be rejected except in the fall of 1991; however, the band lacked...
Persistent link: https://www.econbiz.de/10005825696
The relationship between international payments and the real exchange rate—the “transfer problem”—is a classic question in international economics. We use new data on countries’ net external positions together with real exchange rate data to shed light on this question. We present a...
Persistent link: https://www.econbiz.de/10005825933
Exchange rate flexibility has facilitated an impressively fast insertion of the Czech koruna and the Polish zloty into the global currency market. However, exchange rate volatility patterns differ: Lower volatility is observed for the koruna against the euro relative to the U.S. dollar, while...
Persistent link: https://www.econbiz.de/10005826189