1995 Fiscal Year Final Research Report Summary
International Monetary System and Yen
| Project/Area Number |
06630070
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| Research Category |
Grant-in-Aid for General Scientific Research (C)
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| Allocation Type | Single-year Grants |
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| Research Field |
Public finance/Monetary economics
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| Research Institution | The University of Tokyo |
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Principal Investigator |
ITOH Masanao The University of Tokyo, Faculty of Economics, Professor, 経済学部, 教授 (70107499)
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| Project Period (FY) |
1994 – 1995
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| Keywords | International Finance / Foreign Investment / Yen-Dollar Rate / Tokyo Offshore Market / Deregulation / Credit Crunch / Plaza Accord / Louvre Accord |
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| Research Abstract |
In recent twenty years, Yen have had a bigger role in the international money market. Yen became one main currency among them. Our research aims to cralify this Yen's role mainly from the historical and institutional view points.
Our analyzes are as follows, firstly, the international financial market was split into three cores in the 1980s'. The primary factor of that was the internal structural change of American mondy market. The other main factor was the same change of Japanese money market. Secondary, the split brought the instability on the international monetary system and Yen was the main playr that made the system unstable.
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