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This paper discusses how financial crises in emerging Asia and Japan worked as catalysts for legal reforms. The … basic approaches adopted by the Asian countries affected by financial crises in 1997–1998 to bank and corporate …
Persistent link: https://www.econbiz.de/10011134347
With the rise of the People’s Republic of China (PRC) as the world’s largest trading nation (measured by trade value) and second largest economic power (measured by GDP), its economic influence over the neighboring emerging economies in East Asia has also risen. The PRC introduced...
Persistent link: https://www.econbiz.de/10011134348
As all eyes are on the strategy and policy measures of the People’s Republic of China (PRC) to push the international use of the yuan, this paper turns to the internationalization of the Japanese yen and compares it with what the PRC is doing. There are some fundamental differences in the...
Persistent link: https://www.econbiz.de/10011134351
Japan for a second time when his party, the Liberal Democratic Party, won an overwhelming majority at the general election … current state of the Japanese economy, and examine what further remedies may be required if Japan is to recover from its long …
Persistent link: https://www.econbiz.de/10011134366
rates in two developed economies, the United States (US) and Japan. We demonstrate that the assumed asymmetric trade … supply shock in the PRC. Specifically, Japan is under a greater deflationary pressure than the US because of its vertical … trade specialization vis-à-vis the PRC and the PRC’s USdollar- pegged regime. This outcome suggests that, even though Japan …
Persistent link: https://www.econbiz.de/10011134369
. Japan succumbed to this bashing, and the yen appreciated too much in 1985, with the result that Japan fell into a zero …-interest liquidity trap and economic stagnation for almost two decades. However, in 2013, through massive quantitative easing by the Bank … of Japan (BOJ), the yen depreciated about 25% against the dollar, stoking fears of a return to Japan bashing by the US …
Persistent link: https://www.econbiz.de/10011134380
With the rise of the People’s Republic of China (PRC) as the world’s largest trading nation (measured by trade value) and second largest economic power (measured by GDP), its economic influence over the neighboring emerging economies in East Asia has also risen. The PRC introduced...
Persistent link: https://www.econbiz.de/10011134381
As all eyes are on the strategy and policy measures of the People’s Republic of China (PRC) to push the international use of the yuan, this paper turns to the internationalization of the Japanese yen and compares it with what the PRC is doing. There are some fundamental differences in the...
Persistent link: https://www.econbiz.de/10011134384
This paper discusses how financial crises in emerging Asia and Japan worked as catalysts for legal reforms. The … basic approaches adopted by the Asian countries affected by financial crises in 1997–1998 to bank and corporate …
Persistent link: https://www.econbiz.de/10011134390
Japan for a second time when his party, the Liberal Democratic Party, won an overwhelming majority at the general election … current state of the Japanese economy, and examine what further remedies may be required if Japan is to recover from its long …
Persistent link: https://www.econbiz.de/10011134392