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|c 5.00 USD
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|z 9781451847178
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Meredith, Guy.
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|a Revisiting Japan's External Adjustment Since 1985 /
|c Guy Meredith.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 1993.
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|a 1 online resource (26 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a The factors that explain Japan's external performance since the mid-1980s are controversial. While the current account surplus eventually declined following exchange rate changes in 1985-86, a widening since 1990 has led to renewed scepticism about the role of relative price movements in bringing about external adjustment. This paper revisits the post-1985 experience to determine whether it can be explained by traditional factors. The results indicate that, over the period as a whole, the behavior of trade volumes and prices was similar to that predicted by traditional relationships. In particular, relative price movements played an important role in reducing the surplus: in their absence, it would have widened further.
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|a Mode of access: Internet
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|a IMF Working Papers; Working Paper ;
|v No. 1993/052
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/1993/052/001.1993.issue-052-en.xml
|z IMF e-Library
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