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Against the backdrop of China’s increasingly influential role in the international financial architecture, this thesis … seeks to characterize and evaluate China’s financial power potential. It does so by analyzing the relationship between … states, the thesis provides an in-depth analysis of China’s approach to currency internationalization, its creditor status …
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The paper shows that currencies of countries with persistent current account surpluses and high foreign-currency denominated assets, such as the Swiss franc and the Japanese yen, are under persistent appreciation pressure, particularly when the centres of the world monetary system follow...
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The composition of Japan's current account balance has changed over time, with an increasing income balance primarily reflecting a growing net foreign asset position and higher corporate saving. A comparison of Japan's income balance with peer countries highlights: (i) relatively high yields on...
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The composition of Japan's current account balance has changed over time, with an increasing income balance primarily reflecting a growing net foreign asset position and higher corporate saving. A comparison of Japan's income balance with peer countries highlights: (i) relatively high yields on...
Persistent link: https://www.econbiz.de/10013243059
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