Download or read book Yen Bloc written by C. H. Kwan and published by Rowman & Littlefield. This book was released on 2004-06-23 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this important new book, C.H. Kwan asks whether the Japanese yen can, or will, replace the dollar as the key currency in East Asia. Kwan analyzes the implications for Japan and Asia's developing countries should they come together to form a yen bloc—a grouping of countries that use the yen as an international currency and maintain stable exchange rates against the yen. Combining academic analysis with his experience advising the Japanese prime minister and the Japanese minister of finance, Kwan concludes that a yen bloc might benefit Asia's developing countries—as well as Japan—while contributing to a more stable international monetary order. Kwan's book represents the first attempt to explore systematically the possibility of monetary integration in Asia. It also provides a vision for regional integration in Asia in the twenty-first century.
Download or read book Yen Bloc written by C. H. Kwan and published by Rowman & Littlefield. This book was released on 2004-06-23 with total page 233 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this important new book, C.H. Kwan asks whether the Japanese yen can, or will, replace the dollar as the key currency in East Asia. Kwan analyzes the implications for Japan and Asia's developing countries should they come together to form a yen bloc—a grouping of countries that use the yen as an international currency and maintain stable exchange rates against the yen. Combining academic analysis with his experience advising the Japanese prime minister and the Japanese minister of finance, Kwan concludes that a yen bloc might benefit Asia's developing countries—as well as Japan—while contributing to a more stable international monetary order. Kwan's book represents the first attempt to explore systematically the possibility of monetary integration in Asia. It also provides a vision for regional integration in Asia in the twenty-first century.
Download or read book Macroeconomic Linkage written by Takatoshi Ito and published by University of Chicago Press. This book was released on 2009-02-15 with total page 414 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume explores East Asia's macroeconomic experience in the 1980s and the economic impact of East Asia's growth on the rest of the world. The authors explore the causes of capital flows, changes in trade balances, and exchange rate fluctuations in East Asia and their effects on other countries. These fourteen papers are organized around four themes: the overall determinants of growth and trading relations in the East Asian region; monetary policies in relation to capital controls and capital accounts; the impact of exchange rate behavior on industrial structure; and the potential for greater regional integration. The contributors examine interactions among exchange rate movements, trade balances, and capital flows; how government monetary policy affects capital flows; the effect of exchange rates on industrial structure, inventories, and prices; and the extent of regional integration in East Asia.
Download or read book Destined to Fail written by U-sik Mun and published by KIEP. This book was released on 2008 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: The formation of the yen bloc did not result in the economic and monetary integration of East Asian economies. Rather, it led to the increasing disintegration of East Asian economies. Compared to Japan, Asian regions and countries had to suffer from higher inflation. In fact, the farther the countries were away from Japan, the more their central banks had to print money and the higher their inflation was. Moreover, the income gap between Japan and other Asian countries widened. This means that the regionalization centered on the Japanese yen was destined to fail, suggesting that the Co-prosperity Area was nothing but a strategy of regional dominance, not of regional cooperation. The impact was quite long lasting, and it still haunts East Asian countries, contributing to the nourishment of their distrust vis-à-vis Japan, and throws a shadow on recent monetary and financial cooperation movements in East Asia. This experience highlights the importance of responsible actions on the part of leading countries to boost regional solidarity and cohesion for the viability and sustainability of a regional monetary system.
Download or read book Yen Bloc or Yuan Bloc An Analysis of Currency Arrangements in East Asia written by Kazuko Shirono and published by INTERNATIONAL MONETARY FUND. This book was released on 2009-01-01 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the role of Japan against that of China in the exchange rate regime in East Asia in light of growing interest in forming a currency union in the region. The analysis suggests that currency unions with China tend to generate higher average welfare gains for East Asian countries than currency unions with Japan or the United States. Overall, Japan does not appear to be a dominant player in forming a currency union in East Asia, and this trend is likely to continue if China's relative presence continues to rise in the regional trade.
Download or read book Regionalism and Rivalry written by Jeffrey A. Frankel and published by University of Chicago Press. This book was released on 2007-12-01 with total page 486 pages. Available in PDF, EPUB and Kindle. Book excerpt: As Japan's newfound economic power leads to increased political power, there is concern that Japan may be turning East Asia into a regional economic bloc to rival the U.S. and Europe. In Regionalism and Rivalry, leading economists and political scientists address this concern by looking at three central questions: Is Japan forming a trading bloc in Pacific Asia? Does Japan use foreign direct investment in Southeast Asia to achieve national goals? Does Japan possess the leadership qualities necessary for a nation assuming greater political responsibility in international affairs? The authors contend that although intraregional trade in East Asia is growing rapidly, a trade bloc is not necessarily forming. They show that the trade increase can be explained entirely by factors independent of discriminatory trading arrangements, such as the rapid growth of East Asian economies. Other chapters look in detail at cases of Japanese direct investment in Southeast Asia and find little evidence of attempts by Japan to use the power of its multinational corporations for political purposes. A third group of papers attempt to gauge Japan's leadership characteristics. They focus on Japan's "technology ideology," its contributions to international public goods, international monetary cooperation, and economic liberalization in East Asia.
Download or read book Is a Yen Bloc Emerging written by Jeffrey A. Frankel and published by . This book was released on 1995 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Money Doctors from Japan written by Michael Schiltz and published by Harvard University Press. This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study investigates the Japanese experiment with financial imperialism--or "yen diplomacy"--at several key moments between the acquisition of Taiwan in 1895 and the outbreak of the Sino-Japanese War in 1937, and how these practices impacted the development of receiving nations and defined their geopolitical position in the postcolonial world.
Download or read book Is Japan Creating a Yen Bloc in East Asia and the Pacific written by Jeffrey A. Frankel and published by . This book was released on 1992 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reaches seven conclusions regarding the Yen Bloc that Japan is reputed to be forming in Pacific Asia. (1) Gravity-model estimates of bilateral trade show that the level of trade in East Asia is biased intra-regionally, as it is within the European Community and within the Western Hemisphere, to a greater extent than can be explained naturally by distance. One might call these three regions 'super-natural' blocs, in contrast to Krugman's "natural" trade blocs. (2) There is no evidence of a special Japan effect. (3) Once one properly accounts for rapid growth in Asia, the statistics do not bear out a trend toward intra-regional bias of trade flows. (4) The world's strongest trade grouping is the one that includes the U.S. and Canada with the Asian/Pacific countries, i.e., APEC. (5) There is a bit more evidence of rising Japanese influence in East Asia's financial markets. Tokyo appears to have acquired significant influence over interest rates in a few Asian countries, though overall its influence is as yet no greater than that of New York. (6) Some of Japan's financial and monetary influence takes place through a growing role for the yen, at the expense of the dollar, The yen has become relatively more important in exchange rate policies and invoicing of trade and finance in the region. (7) But this trend is less the outcome of Japanese policy-makers' wishes, than of pressure from the U.S. government to internationalize the yen
Download or read book The Money Doctors from Japan written by Michael Schiltz and published by BRILL. This book was released on 2020-03-17 with total page 309 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Money and finance have been among the most potent tools of colonial power. This study investigates the Japanese experiment with financial imperialism—or “yen diplomacy”—at several key moments between the acquisition of Taiwan in 1895 and the outbreak of the Sino-Japanese War in 1937. Through authoritarian monetary reforms and lending schemes, government officials and financial middlemen served as “money doctors” who steered capital and expertise to Japanese official and semi-official colonies in Taiwan, Korea, China, and Manchuria. Michael Schiltz points to the paradox of acute capital shortages within the Japan’s domestic economy and aggressive capital exports to its colonial possessions as the inevitable but ultimately disastrous outcome of the Japanese government’s goal to exercise macroeconomic control over greater East Asia and establish a self-sufficient “yen bloc.” Through their efforts to implement their policies and contribute to the expansion of the Japanese empire, the “money doctors” brought to the colonies a series of banking institutions and a corollary capitalist ethos, which would all have a formidable impact on the development of the receiving countries, eventually affecting their geopolitical position in the postcolonial world."
Download or read book Yen Bloc Or Dollar Bloc written by Jeffrey A. Frankel and published by . This book was released on 1992 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Japanese Foreign Policy at the Crossroads written by Yutaka Kawashima and published by Rowman & Littlefield. This book was released on 2003-10-16 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: The post–World War II paradigm that ensured security and prosperity for the Japanese people has lost much of its effectiveness. The current generation has become increasingly resentful of the prolonged economic stagnation and feels a sense of drift and uncertainty about the future of Japan's foreign policy. In J apanese Foreign Policy at the Crossroads, Yutaka Kawashima clarifies some of the defining parameters of Japan's past foreign policy and examines the challenges it currently faces, including the quagmire on the Korean Peninsula, the future of the U.S.-Japan alliance, the management of Japan-China relations, and Japan's relation with Southeast Asia. Kawashima—who, as vice minister of foreign affairs, was Japan's highest-ranking foreign service official—cautions Japan against attempts to ensure its own security and well-being outside of an international framework. He believes it is crucial that Japan work with as many like-minded countries as possible to construct a regional and international order based on shared interests and shared values. In an era of globalization, he cautions, such efforts will be crucial to maintaining global world order and ensuring civilized interaction among all states.
Download or read book The Japanese Wartime Empire 1931 1945 written by Peter Duus and published by Princeton University Press. This book was released on 2021-07-13 with total page 426 pages. Available in PDF, EPUB and Kindle. Book excerpt: With this book the editors complete the three-volume series on modern Japanese colonialism and imperialism that began with The Japanese Colonial Empire, 1895-1945 (Princeton, 1983) and The Japanese Informal Empire in China, 1895-1937 (Princeton, 1989). The Japanese military takeover in Manchuria between 1931 and 1932 was a critical turning point in East Asian history. It marked the first surge of Japanese aggression beyond the boundaries of its older colonial empire and set Japan on a collision course with China and Western colonial powers from 1937 through 1945. These essays seek to illuminate some of the more significant processes and institutions during the period when the empire was at war: the creation of a Japanese-dominated East Asian economic bloc centered in northeast Asia, the mobilization of human and physical resources in the older established areas of Japanese colonial rule, and the penetration and occupation of Southeast Asia. Introduced by Peter Duus, the volume contains four sections: Japan's Wartime Empire and the Formal Colonies (Carter J. Eckert and Wan-yao Chou), Japan's Wartime Empire and Northeast Asia (Louise Young, Y. Tak Matsusaka, Ramon H. Myers, and Takafusa Nakamura), Japan's Wartime Empire and Southeast Asia (Mark R. Peattie, E. Bruce Reynolds, and Ken'ichi Goto), and Japan's Wartime Empire in Other Perspectives (George Hicks, Hideo Kobayashi, and L. H. Gann).
Download or read book The Japanese Yen as an International Currency written by Mr.George S. Tavlas and published by International Monetary Fund. This book was released on 1991-01-01 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Assessing the Economic Preconditions for a Yen Bloc written by Gary Madden and published by . This book was released on 2000 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Stabilising Asia-Pacific exchange rates by establishing a system of pegs, bands or target zones around the Japanese yen requires the compromise of domestic policy autonomy. The cost of doing so is least when members reaction to economic shocks are symmetric. This study considers which currencies meet this necessary precondition. To assess regional disturbance symmetry the Blanchard and Quah (1989) procedure is employed to distinguish temporary from permanent shocks for paired aggregate output and price time-series. Disturbance correlations between Japan and other Asia-Pacific nations are calculated. Supply-side disturbance correlations are relatively weak and suggest the economic preconditions for a yen bloc are not in place.
Download or read book Asia in Japan s Embrace written by Walter Hatch and published by Cambridge University Press. This book was released on 1996-06-28 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt: Comprehensive and controversial, this book critically examines Japan's economic presence in Asia.
Download or read book The Euro Bloc the Dollar Bloc and the Yen Bloc written by Marcel Fratzscher and published by . This book was released on 2002 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt:
