Weak economy and strong currency – the origins of the strong yen in the 1990's

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dc.contributor.author Schnabl, Gunther de_DE
dc.date.accessioned 2006-08-18 de_DE
dc.date.accessioned 2014-03-18T10:02:35Z
dc.date.available 2006-08-18 de_DE
dc.date.available 2014-03-18T10:02:35Z
dc.date.issued 2001 de_DE
dc.identifier.other 285091697 de_DE
dc.identifier.uri http://nbn-resolving.de/urn:nbn:de:bsz:21-opus-24330 de_DE
dc.identifier.uri http://hdl.handle.net/10900/47505
dc.description.abstract During the 1990's the Japanese yen proved astonishingly strong despite the persisting recession. This paper tracks the origins of the high yen. It analyses the influence of interest rates, prices and foreign exchange policy on the yen-dollar exchange rate. It comes to the conclusion that real interest differentials can only explain shortterm exchange rate changes. Since prices have been exe rting their influence on the Japanese currency in the long run, the high yen is explained with deflation. The massive foreign exchange interventions of the 1990's were only able to stop the appreciation temporarily, if they were unsterilized, but they had no lasting effects. en
dc.language.iso en de_DE
dc.publisher Universität Tübingen de_DE
dc.rights ubt-podno de_DE
dc.rights.uri http://tobias-lib.uni-tuebingen.de/doku/lic_ohne_pod.php?la=de de_DE
dc.rights.uri http://tobias-lib.uni-tuebingen.de/doku/lic_ohne_pod.php?la=en en
dc.subject.classification Yen , Japan , Wechselkursänderung de_DE
dc.subject.ddc 330 de_DE
dc.subject.other Yen , Yen/Dollar Exchange Rate , Foreign Exchange Intervention , Japan en
dc.title Weak economy and strong currency – the origins of the strong yen in the 1990's en
dc.type WorkingPaper de_DE
dc.date.updated 2006-08-18 de_DE
utue.publikation.fachbereich Wirtschaftswissenschaften de_DE
utue.publikation.fakultaet 6 Wirtschafts- und Sozialwissenschaftliche Fakultät de_DE
dcterms.DCMIType Text de_DE
utue.publikation.typ workingPaper de_DE
utue.opus.id 2433 de_DE
utue.opus.portal wiwidisk de_DE
utue.opus.portalzaehlung 218.00000 de_DE
utue.publikation.source Tübinger Diskussionsbeiträge der Wirtschaftswissenschaftlichen Fakultät ; 218 de_DE
utue.publikation.reihenname Tübinger Diskussionsbeitrag de_DE
utue.publikation.zsausgabe 218
utue.publikation.erstkatid 2136475-8


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