than by the yuan or the yen individually within the sample period we used. To the extent that exchange rates in the region … currencies seem to matter for exchange rate determination in Asia beyond the very short term. To this end, we employ country …-specific Vector Autoregressive (VAR) models to compare the relative impact which fluctuations in the Asian Currency Unit (ACU), yuan …

than by the yuan or the yen individually within the sample period we used. To the extent that exchange rates in the region … currencies seem to matter for exchange rate determination in Asia beyond the very short term. To this end, we employ country …-specific Vector Autoregressive (VAR) models to compare the relative impact which fluctuations in the Asian Currency Unit (ACU), yuan …

This paper employs the GMM estimator to empirically investigate the effects of Japanese international reserves on Yen … internationalization from 1976 through 2009 by specifying the regression benchmark based on the long-run determinants of Yen … internationalization with economic power, Yen appreciation, financial market development, inflation and currency inertia. We find that the …

degree of Yen internationalization from 1976 through 2009 by specifying the regression benchmark based on the long …-run determinants of Yen internationalization with economic power, financial market development, Yen appreciation, inflation and … has a statistically significant but negative effect on Yen internationalization. After controlling for the effects of the …

adjustment to the postcrisis challenges. We point out that emerging Asia has converged to a middle ground of the trilemma … smoother adjustment of emerging Asia to the crisis, and was instrumental in inducing the rapid resumption of growth. The swings … challenges facing emerging Asia's adjustment during the global financial crisis, and the postcrisis policy stance dealing with …

moving the US dollar, yen and euro in the intended direction at horizons of up to three months after G7 meetings, but not at …