Artikel
Weak Economy and Strong Currency: The Origins of the Strong Yen in the 1990s
Der Yen ist in der japanischen Rezession der 90er Jahre überraschend stark geblieben. Der Aufsatz untersucht die Ursachen für den hohen Yen. Er analysiert den Einfluss von Zinsen, Preisen und Währungspolitik. Danach haben reale Zinsdifferenzen allenfalls einen kurzfristigen Einfluss auf den Wechselkurs. Langfristig ist das Preisniveau entscheidend, so dass der hohe Yen mit der Deflation der 90er Jahre erklärt werden kann. Die massiven Devisenmarktinterventionen der 90er Jahre konnten die Aufwertung nur vorübergehend aufhalten, wenn sie nicht sterilisiert wurden. Langfristig konnten sie jedoch die Aufwertung nicht verhindern.
- Language
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Englisch
- Bibliographic citation
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Journal: Vierteljahrshefte zur Wirtschaftsforschung ; ISSN: 1861-1559 ; Volume: 70 ; Year: 2001 ; Issue: 4 ; Pages: 489-503 ; Berlin: Duncker & Humblot
- Classification
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Wirtschaft
- Subject
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Wechselkurs
Yen
Aufwertung
Zinsstruktur
Kaufkraftparität
Deflation
Außenhandelspreis
US-Dollar
Japan
- Event
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Geistige Schöpfung
- (who)
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Schnabl, Gunther
- Event
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Veröffentlichung
- (who)
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Duncker & Humblot
- (where)
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Berlin
- (when)
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2001
- DOI
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doi:10.3790/vjh.70.4.489
- Handle
- Last update
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10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Schnabl, Gunther
- Duncker & Humblot
Time of origin
- 2001
Other Objects (12)
Weak economy and strong currency: The origins of the strong yen in the 1990's
The Changing Role of the Yen/Dollar Exchange Rate for Japanese Monetary Policy
Net Foreign Asset Positions and Appreciation Expectations on the Swiss Franc and the Japanese Yen
Purchasing power parity: Granger causality tests for the yen-dollar exchange rate
The Russian currency basket: The rising role of the Euro for Russia's exchange-rate policies
The role of the chinese dollar peg for macroeconomic stability in China and the world economy
The evolution of the East Asian currency baskets: still undisclosed and changing
The global move into the zero interest rate and high debt trap
A structural break in the effects of Japanese foreign exchange intervention on yen/dollar exchange rate volatility
The Macroeconomic Policy Challenges of Balance Sheet Recession: Lessons from Japan for the European Crisis
Seventy‐five years West German currency reform: Crisis as catalyst for the erosion of the market order
70 years after the German currency and economic reform: The monetary, economic and political order in Europe is disturbed
Weak economy and strong currency: The origins of the strong yen in the 1990's
The Changing Role of the Yen/Dollar Exchange Rate for Japanese Monetary Policy
Net Foreign Asset Positions and Appreciation Expectations on the Swiss Franc and the Japanese Yen
Purchasing power parity: Granger causality tests for the yen-dollar exchange rate
The Russian currency basket: The rising role of the Euro for Russia's exchange-rate policies
The role of the chinese dollar peg for macroeconomic stability in China and the world economy
The evolution of the East Asian currency baskets: still undisclosed and changing
The global move into the zero interest rate and high debt trap
A structural break in the effects of Japanese foreign exchange intervention on yen/dollar exchange rate volatility
The Macroeconomic Policy Challenges of Balance Sheet Recession: Lessons from Japan for the European Crisis
Seventy‐five years West German currency reform: Crisis as catalyst for the erosion of the market order
70 years after the German currency and economic reform: The monetary, economic and political order in Europe is disturbed
Weak economy and strong currency: The origins of the strong yen in the 1990's
The Changing Role of the Yen/Dollar Exchange Rate for Japanese Monetary Policy
Net Foreign Asset Positions and Appreciation Expectations on the Swiss Franc and the Japanese Yen
Purchasing power parity: Granger causality tests for the yen-dollar exchange rate
The Russian currency basket: The rising role of the Euro for Russia's exchange-rate policies
The role of the chinese dollar peg for macroeconomic stability in China and the world economy
The evolution of the East Asian currency baskets: still undisclosed and changing
The global move into the zero interest rate and high debt trap
A structural break in the effects of Japanese foreign exchange intervention on yen/dollar exchange rate volatility
The Macroeconomic Policy Challenges of Balance Sheet Recession: Lessons from Japan for the European Crisis
Seventy‐five years West German currency reform: Crisis as catalyst for the erosion of the market order