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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 …
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to the Dollar Standard -- 10. High Wage Growth under Stable Dollar Exchange Rates: Japan, 1950-71 and China, 1994 …
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modern history of the global economic system seems to support the long-held view that the leading world power's currency …
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Intro -- Contents -- List of Tables -- Acknowledgments -- Abbreviations -- Introduction -- One. From Currency to Capabilities -- Two. From Capabilities to Statecraft -- Three. A Theory of Currency Statecraft -- Four. Youth -- Five. Maturity -- Six. Decline -- Seven. When Statecrafts Collide --...
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