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Dollar shortage - yen shortage?

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Date

1995

Authors

Arndt, Heinz Wolfgang

Journal Title

Journal ISSN

Volume Title

Publisher

Canberra, A.C.T. : Australia-Japan Research Center, 1995.

Access Statement

Open Access

Research Projects

Organizational Units

Journal Issue

Abstract

For much of the interwar period, the United States ran large current account surpluses. The world spoke of dollar shortage. In the past decade Japan has run large current account surpluses, but no one has spoken of ‘yen shortage’. This essay suggests two explanations. One is that the yen has not yet become a major international currency. The other is that Japan has financed its current account surpluses through capital outflow. Yen have not been short.

Description

Bibliography: p. 11.

Keywords

Balance of payments-- Japan, Currency question, Foreign exchange -- Japan, Japan -- Commercial policy

Citation

URI

https://hdl.handle.net/1885/733766684

Collections

ANU Publications

Source

Type

Working/Technical Paper

Book Title

Entity type

Publication

Access Statement

Open Access

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DOI

Restricted until

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991012810109707631.pdf (7.54 MB)

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