Add to ORKGAfter the breakdown of the Bretton Woods system in 1971, the yen exchange rate was allowed to float freely. For the past two decades, the yen has appreciated significantly, accompanied by an increasing current account surplus in Japan. In this study, the yen-dollar bilateral rate is examined using a synthesised model that is based on the Flexible-Price Monetary approach to exchange rate determination, but with a wealth term included. The regression analysis shows that all coefficients have the hypothesised signs and are significant. However, the test statistics indicate that there might be potential model mis-specification and/or autocorrelation problems. 1 INTRODUCTION The yen has floated freely since the breakdown of the Bretton Woods s...
The yen has experienced several big swings over recent decades. This paper argues that the fluctuati...
This article considers the long-run performance of the monetary approach to explain the dollar–yen e...
The yen has experienced several big swings over recent decades. This paper argues that the fluctuat...
After the breakdown of the Bretton Woods in 1971, the Yen exchange rate was allowed to float freely....
This paper explores the interaction between exchange rate alignment and external balance for Japan a...
The history of Japanese exchange rates, though short by British or American standards, is exceedingl...
In this paper the short- and long-run movements of the Japanese yen-US dollar exchange rate are mode...
Although, the Japanese foreign exchange rate system had maintained the fixed exchange rate system du...
In this paper the short- and long-run movements of the Japanese yen–U.S. dollar exchange rate are mo...
The paper was written while the second author held the Banque de France Chair at EHESS in Paris. Ulr...
From the early postwar years to August 1971, Japan maintained a fixed exchange rate against the doll...
This paper employs cointegration and error correction models to examine the dynamics of the yen-doll...
Although, the Japanese foreign exchange rate system had maintained the fixed exchange rate system du...
Although, the Japanese foreign exchange rate system had maintained the fixed exchange rate system du...
Using daily data for 1995–99, this paper estimates a simple forward looking model of the exchange ra...
The yen has experienced several big swings over recent decades. This paper argues that the fluctuati...
This article considers the long-run performance of the monetary approach to explain the dollar–yen e...
The yen has experienced several big swings over recent decades. This paper argues that the fluctuat...
After the breakdown of the Bretton Woods in 1971, the Yen exchange rate was allowed to float freely....
This paper explores the interaction between exchange rate alignment and external balance for Japan a...
The history of Japanese exchange rates, though short by British or American standards, is exceedingl...
In this paper the short- and long-run movements of the Japanese yen-US dollar exchange rate are mode...
Although, the Japanese foreign exchange rate system had maintained the fixed exchange rate system du...
In this paper the short- and long-run movements of the Japanese yen–U.S. dollar exchange rate are mo...
The paper was written while the second author held the Banque de France Chair at EHESS in Paris. Ulr...
From the early postwar years to August 1971, Japan maintained a fixed exchange rate against the doll...
This paper employs cointegration and error correction models to examine the dynamics of the yen-doll...
Although, the Japanese foreign exchange rate system had maintained the fixed exchange rate system du...
Although, the Japanese foreign exchange rate system had maintained the fixed exchange rate system du...
Using daily data for 1995–99, this paper estimates a simple forward looking model of the exchange ra...
The yen has experienced several big swings over recent decades. This paper argues that the fluctuati...
This article considers the long-run performance of the monetary approach to explain the dollar–yen e...
The yen has experienced several big swings over recent decades. This paper argues that the fluctuat...