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Few papers have tried to project how Chinese monetary policy will behave under flexible exchange rates. As Japan provides an important role model for China, this paper studies the role of the yen/dollar exchange rate for Japanese monetary policy after the shift of Japan from a fixed to a...
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This paper studies the role of the yen/dollar exchange rate in the Bank of Japan?s monetary policy reaction function …
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globalen Ungleichgewichte eine Konsolidierung der US-Finanz- und Geldpolitik gefordert. …
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Asian central banks into debtor positions versus the domestic banking systems. We show based on a central bank loss function … financial repression, or rising inflation or both. Assuming that a debtor central bank moved towards a freely floating exchange …
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