Occasional Papers

The Internationalization of Currencies: An Appraisal of the Japanese Yen

By Yusuru Ozeki, George S Tavlas

January 15, 1992

Preview Citation

Format: Chicago

Yusuru Ozeki, and George S Tavlas. The Internationalization of Currencies: An Appraisal of the Japanese Yen, (USA: International Monetary Fund, 1992) accessed November 21, 2024

Summary

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.

Subject: Balance of payments, Banking, Bonds, Capital outflows, Currencies, Exports, Financial institutions, Foreign direct investment, International trade, Money, Nonbank financial institutions, Securities

Keywords: Asia and Pacific, Bonds, Capital outflows, Currencies, Currency use, Eastern Europe, Europe, Exchange rates of major Currencies, Exports, Financial market market trend, Foreign direct investment, Foreign-currency bond, Global, Nonbank financial institutions, North America, OP, Reserve data, Section III, Securities, Southeast Asia, Trade data, Treasury-bill market, Western Europe, Yen, Yen currency bloc, Yen zone

Publication Details

  • Pages:

    63

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Occasional Paper No. 1992/001

  • Stock No:

    S090EA0000000

  • ISBN:

    9781557751973

  • ISSN:

    0251-6365