The Japanese foreign exchange market
Author(s)
Bibliographic Information
The Japanese foreign exchange market
(Routledge studies in the growth economies of Asia, 12)
Routledge, 1997
Available at 63 libraries
  Aomori
  Iwate
  Miyagi
  Akita
  Yamagata
  Fukushima
  Ibaraki
  Tochigi
  Gunma
  Saitama
  Chiba
  Tokyo
  Kanagawa
  Niigata
  Toyama
  Ishikawa
  Fukui
  Yamanashi
  Nagano
  Gifu
  Shizuoka
  Aichi
  Mie
  Shiga
  Kyoto
  Osaka
  Hyogo
  Nara
  Wakayama
  Tottori
  Shimane
  Okayama
  Hiroshima
  Yamaguchi
  Tokushima
  Kagawa
  Ehime
  Kochi
  Fukuoka
  Saga
  Nagasaki
  Kumamoto
  Oita
  Miyazaki
  Kagoshima
  Okinawa
  Korea
  China
  Thailand
  United Kingdom
  Germany
  Switzerland
  France
  Belgium
  Netherlands
  Sweden
  Norway
  United States of America
Note
Includes bibliographical references (p. 204-220) and indexes
Description and Table of Contents
Description
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.
Table of Contents
- 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
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