| Budget Amount *help |
¥4,290,000 (Direct Cost: ¥3,300,000、Indirect Cost: ¥990,000)
Fiscal Year 2019: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
Fiscal Year 2018: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
Fiscal Year 2017: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000)
Fiscal Year 2016: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000)
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| Outline of Final Research Achievements |
This research has tried to analyze the development and working of the fixed exchange clause attached to the Japanese government bond issued in the London financial market during the interwar period. I clarified that during the interwar period, by analyzing the movement of Japanese government bond prices, the fixed exchange clause attached to the Japanese government bond functions as insurance against the instability of the pond and dollar exchange rate in 1931.
The result was reported at the World Economic History Congress at Boston, the United States in 2018 and in the research article published in 2019.
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