The Japanese Yen as an International Currency /

The role of the Japanese yen as an international currency is assessed. It is found that the determinants of international-currency use imply some increase for the yen's use in international finance; however, the implications for the yen's use in international trade are mixed. It is also sh...

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Détails bibliographiques
Auteur principal: Tavlas, George
Autres auteurs: Ozeki, Yusuru
Format: Revue
Langue:English
Publié: Washington, D.C. : International Monetary Fund, 1991.
Collection:IMF Working Papers; Working Paper ; No. 1991/002
Accès en ligne:Full text available on IMF
Description
Résumé:The role of the Japanese yen as an international currency is assessed. It is found that the determinants of international-currency use imply some increase for the yen's use in international finance; however, the implications for the yen's use in international trade are mixed. It is also shown that, despite Japan's emergence as the world's largest net creditor nation, Japan's capital outflows have not significantly facilitated the yen's internationalization. Data are presented showing that, although the yen's use as an international currency has increased, it is still rather modest. Wider use of the yen as a regional currency in Asia has occurred, though a 'yen-zone' does not appear to be emerging.
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Description matérielle:1 online resource (62 pages)
Format:Mode of access: Internet
ISSN:1018-5941
Accès:Electronic access restricted to authorized BRAC University faculty, staff and students