The Japanese Foreign Exchange Market

Beate Reszat (Autor)

Buch | Hardcover

246 Seiten

1997
Routledge (Verlag)
978-0-415-14232-8 (ISBN)

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In recent years, Japan's financial market has seen dramatic changes, in particular the explosive growth of currency trading and the increasing international role of the yen. This book gives a comprehensive overview of this activity. This work is the first non-Japanese language title to examine the prolific rise of Japan's foreign currency exchange market, its idiosyncracies, and its future role in the global economy. It is vital reading for economists and students of Japan-related subjects.

Beate Reszat

INTRODUCTION; MARKET HISTORY, Early beginning of money in Japan; Meiji Restoration and the birth of Yen; Post-war developments; Market liberalisation; In the aftermath of the bubble; GENERAL CHARACTERISTICS, Market participants; Foreign exchange banks and brokers; Customers, Market segments and transactions; Spot and forward markets; The role of foreign exchange swaps, Futures and options; Attitudes towards risks; Covering and Hedging; Position taking and arbitrage, Trading Techniques; Accounting; THE RISKS; Market risks; Measures of variability; Some stylised facts; Limits to forecastibility; Derivatives; Asymmetries and Nonlinearities; Risk management practices; Market linkages and operational risks; Payment system risks, Major payment systems; Private sector initiatives; POLICY ISSUES; Market regulation; Principles of bank regulation; Exchange restrictions; Risk monitoring and risk provision; Exchange rate stabilisation; Central bank interventions; International policy co-operation; CONCLUSION; Bibliogrpahy

Erscheint lt. Verlag	13.11.1997
Reihe/Serie	Routledge Studies in the Growth Economies of Asia
Verlagsort	London
Sprache	englisch
Maße	156 x 234 mm
Gewicht	476 g
Themenwelt	Sozialwissenschaften ► Soziologie ► Spezielle Soziologien
	Wirtschaft ► Volkswirtschaftslehre ► Finanzwissenschaft
	Wirtschaft ► Volkswirtschaftslehre ► Makroökonomie
ISBN-10	0-415-14232-6 / 0415142326
ISBN-13	978-0-415-14232-8 / 9780415142328
Zustand	Neuware