Beate Reszat

The Japanese Foreign Exchange Market (eBook, ePUB)

• Format: ePub

Produktbeschreibung

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.

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Produktdetails

• Verlag: Taylor & Francis
• Seitenzahl: 248
• Erscheinungstermin: 12. April 2002
• Englisch
• ISBN-13: 9781134766185
• Artikelnr.: 42677104

Autorenporträt

Beate Reszat

Inhaltsangabe

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