Radical shifts in the balance of global economic power and the growing instability of international financial markets have focused world attention on Japan: Japan is now the world's largest creditor and its greatest exporter of capital, and Japanese financial institutions are significant players in world financial markets. Japan's prominent role and its resilience to market turmoil raise questions about the characteristics of Japanese financial markets and institutions, and, more broadly, the future role of the yen in the international monetary system and the effects of Japanese financial deregulation on the countries of the Pacific.
Japanese Financial Markets and the Role of the Yen details the major regulatory and non-regulatory changes that have occurred in Japanese financial markets over the past decade and explores their impact on the Japanese and world economies. How far has financial deregulation progressed in Japan, and what has been its impact on the implementation of Japanese monetary policy and the micro-structure of Japanese financial markets? What developments are likely to promote and inhibit the role of the yen in the international monetary system, and what costs and benefits will that bring? What has been the impact of Japanese financial deregulation, both internationally and in the Asia-Pacific region? The contributors to this volume, distinguished economists from throughout the region, address these and other issues from the perspective of Japan's role in the international economy.
"synopsis" may belong to another edition of this title.
- PublisherAllen & Unwin
- Publication date1992
- ISBN 10 1863732403
- ISBN 13 9781863732406
- BindingHardcover
- Edition number1
- Number of pages173
- EditorMcKenzie Colin