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The Japanese Foreign Exchange Market Beate Reszat

The Japanese Foreign Exchange Market By Beate Reszat

The Japanese Foreign Exchange Market by Beate Reszat


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Summary

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.

The Japanese Foreign Exchange Market Summary

The Japanese Foreign Exchange Market by Beate Reszat

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

Additional information

NPB9780415142328
9780415142328
0415142326
The Japanese Foreign Exchange Market by Beate Reszat
New
Hardback
Taylor & Francis Ltd
1997-11-13
246
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
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