Conquering the fear of freedom : Japanese exchange rate policy since 1945 / Shinji Takagi.

Format:

Book

Author/Creator:

Takagi, Shinji, 1953- author.

Language:

English

Subjects (All):

Foreign exchange rates--Japan.

Foreign exchange rates.

Japan--Economic policy--1945-.

Japan.

Economic policy.

Physical Description:

xxii, 310 pages ; 24 cm

Edition:

First edition.

Place of Publication:

Oxford : Oxford University Press, 2015.

Contents:

Machine generated contents note: 1.Exchange Rate-Based Stabilization: 1945

50

1.1.Introduction

1.2.Features of Postwar Inflation

1.3.Failed Attempts at Stabilization

1.4.A New Approach to Economic Stabilization

1.5.The Dodge Stabilization Plan

2.Achieving Current Account Convertibility: 1949

64

2.1.Introduction

2.2.The Trade and Payments System in the Early 1950s

2.3.The System of Trade Control in the Early 1950s

2.4.The Restrictive System as a Tool for External Adjustment

2.5.Moving Toward Liberalization of the System

2.6.Foreign Trade and Foreign Exchange Market Activity

2.7.Trade and Exchange Liberalization in the Early 1960s

3.Capital Account Liberalization: 1950

80

3.1.Introduction

3.2.An Overview of Japan's Capital Account Liberalization: 1950

3.3.Official and Government-Mediated Flows

3.4.Managing Short-Term Flows

3.5.Foreign Direct Investment

3.6.Portfolio and Other Investments

Note continued: 3.7.Achieving Capital Account Convertibility

4.Managing Flexibility: 1971

90

4.1.Introduction

4.2.An Overview of Exchange Rate Policy: 1971

4.3.The Currency Crises

4.4.The Oil Crises

4.5.International Policy Coordination

4.6.Economic Consequences of the Higher Yen

5.Internationalizing the Yen: 1981

2003

5.1.Introduction

5.2.The Origins of Yen Internationalization

5.3.Early Attempts at Financial Liberalization

5.4.Yen Internationalization Efforts

5.5.Completing the Internationalization Agenda

6.Foreign Exchange Market Intervention: 1991

2011

6.1.Introduction

6.2.An Overview of Foreign Exchange Intervention in Japan

6.3.Intervention to Lean Against the Wind: 1991

2000

6.4.Foreign Exchange Intervention and Monetary Policy: 2001

4

6.5.A New Manner of Intervening in the Foreign Exchange Market: 2010

11

6.6.The Channels of Intervention Effectiveness

Note continued: 7.Retrospective and Prospective Issues in Japanese Exchange Rate Policy

7.1.Introduction

7.2.Characterizing Japanese Exchange Rate Policy

7.3.Lessons from the Japanese Experience

7.4.Current and Prospective Issues

7.5.Monetary Policy under Abenomics.

Notes:

Includes bibliographical references and index.

ISBN:

9780198714651

0198714653

OCLC:

910239916

Publisher Number:

60002006982