Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

Financial institutions --- International finance --- Yen, Japanese. --- Yen, Japanese --- 333.101 --- 382.242.0 --- 382.254 --- JP / Japan - Japon --- Japanese yen --- Money --- International monetary system --- International money --- Finance --- International economic relations --- Banksysteem en bankstelsel --- Balans van het kapitaalverkeer: algemeenheden --- Internationale kredieten --- Financial institutions - Japan. --- Financial institutions - United States.

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

During risk-off episodes, the yen is a safe haven currency and on average appreciates against the U.S. dollar. We investigate the proximate causes of yen risk-off appreciations. We find that neither capital inflows nor expectations of the future monetary policy stance can explain the yen’s safe haven behavior. In contrast, we find evidence that changes in market participants’ risk perceptions trigger derivatives trading, which in turn lead to changes in the spot exchange rate without capital flows. Specifically, we find that risk-off episodes coincide with forward hedging and reduced net short positions or a buildup of net long positions in yen. These empirical findings suggest that offshore and complex financial transactions should be part of spillover analyses and that the effectiveness of capital flow management measures or monetary policy coordination to address excessive exchange rate volatility might be limited in certain cases.

Yen, Japanese. --- Currency question --- Criminal investigation --- Japanese yen --- Money --- Foreign Exchange --- Money and Monetary Policy --- Statistics --- Finance: General --- Current Account Adjustment --- Short-term Capital Movements --- Financial Markets and the Macroeconomy --- Monetary Systems --- Standards --- Regimes --- Government and the Monetary System --- Payment Systems --- International Financial Markets --- Currency --- Foreign exchange --- Monetary economics --- Econometrics & economic statistics --- Finance --- Exchange rates --- Currencies --- Real exchange rates --- Balance of payments statistics --- Currency markets --- Financial markets --- Balance of payments --- Foreign exchange market --- United States

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

Yen, Japanese --- Japan --- Defenses --- Foreign relations --- Politics and government --- S35/0650 --- -Yen, Japanese --- #SBIB:327.5H21 --- #SBIB:35H6060 --- #SML: Joseph Spae --- Japanese yen --- Money --- Japan--Foreign politics --- -Vrede – oorlog, oorlogssituaties --- Bestuur en beleid: nationale en regionale studies: Azië --- Defenses. --- -S35/0650 --- Vrede – oorlog, oorlogssituaties --- al-Yābān --- Giappone --- Government of Japan --- Iapōnia --- I︠A︡ponii︠a︡ --- Japam --- Japani --- Japão --- Japon --- Japonia --- Japonsko --- Japonya --- Jih-pen --- Mư̄ang Yīpun --- Nihon --- Nihon-koku --- Nihonkoku --- Nippon --- Nippon-koku --- Nipponkoku --- Prathēt Yīpun --- Riben --- State of Japan --- Yābān --- Yapan --- Yīpun --- Zhāpān --- Япония --- اليابان --- يابان --- 日本 --- 日本国 --- Japan - Defenses --- Japan - Foreign relations - 1945-1989 --- Japan - Politics and government - 1945 --- Jepun --- Yapon --- Yapon Ulus --- I︠A︡pon --- Япон --- I︠A︡pon Uls --- Япон Улс

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

A tripolar international monetary system-centered on the U.S. dollar, the deutsche mark, and the yen - appears to be emerging. This paper not only assesses the role of the yen as an international currency but also presents a unified theory of international currency use and distinguishes between the roles of a nation as a world banker and as an international financial intermediary.

Yen, Japanese. --- International finance. --- Monetary policy --- International monetary system --- International money --- Finance --- International economic relations --- Japanese yen --- Money --- Banks and Banking --- Exports and Imports --- Investments: General --- Investments: Bonds --- Money and Monetary Policy --- Industries: Financial Services --- Finance: General --- Monetary Systems --- Standards --- Regimes --- Government and the Monetary System --- Payment Systems --- International Investment --- Long-term Capital Movements --- General Financial Markets: General (includes Measurement and Data) --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Trade: General --- Pension Funds --- Non-bank Financial Institutions --- Financial Instruments --- Institutional Investors --- Monetary economics --- Investment & securities --- International economics --- Banking --- Currency --- Foreign exchange --- Macroeconomics --- Currencies --- Foreign direct investment --- Bonds --- Securities --- Balance of payments --- Financial institutions --- Exports --- International trade --- Capital outflows --- Nonbank financial institutions --- Investments, Foreign --- Banks and banking --- Financial instruments --- Capital movements --- Financial services industry --- Japan

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

Foreign exchange --- Monetary policy --- Yen, Japanese --- 333.451.1 --- 338.8 --- 382.242.0 --- 382.30 --- 382.50 --- ASI / Asia - Azië - Asie --- Japanese yen --- Money --- Monetary management --- Economic policy --- Currency boards --- Money supply --- Cambistry --- Currency exchange --- Exchange, Foreign --- Foreign currency --- Foreign exchange problem --- Foreign money --- Forex --- FX (Finance) --- International exchange --- International finance --- Currency crises --- Wisselkoersen --- Economische groei --- Balans van het kapitaalverkeer: algemeenheden --- Handels- en wisselpolitiek in hun verband met de buitenlandse handel: algemeenheden --- Internationale handelsbetrekkingen: algemeenheden. --- Japan --- Pacific Area --- Asia-Pacific Region --- Asian-Pacific Region --- Asian and Pacific Council countries --- Pacific Ocean Region --- Pacific Region --- Pacific Rim --- al-Yābān --- Giappone --- Government of Japan --- Iapōnia --- I︠A︡ponii︠a︡ --- Japam --- Japani --- Japão --- Japon --- Japonia --- Japonsko --- Japonya --- Jih-pen --- Mư̄ang Yīpun --- Nihon --- Nihon-koku --- Nihonkoku --- Nippon --- Nippon-koku --- Nipponkoku --- Prathēt Yīpun --- Riben --- State of Japan --- Yābān --- Yapan --- Yīpun --- Zhāpān --- Япония --- اليابان --- يابان --- 日本 --- 日本国 --- Foreign economic relations --- Economic integration. --- Money. Monetary policy --- International economic relations --- Pacific Islands --- Indochine --- Internationale handelsbetrekkingen: algemeenheden --- Jepun --- Yapon --- Yapon Ulus --- I︠A︡pon --- Япон --- I︠A︡pon Uls --- Япон Улс