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Conquering the Fear of Freedom: Japanese Exchange Rate Policy since 1945 (by Shinji Takagi)


Author(s): Shinji Takagi

Publisher: Oxford University Press
Publish date: 2015-06-15
ISBN-10: 0198714653
ISBN-13: 9780198714651
Language: English
Description: Conquering the Fear of Freedom presents an analytical
review of Japanese exchange rate policy from the end of World War
II to the present. It examines how authorities, starting with the
imposition of draconian controls over all international financial
flows, moved toward eliminating virtually all state interference
regulating foreign exchange transactions, including official
intervention in the foreign exchange market. It describes how
policy and institutional frameworks evolved, explains their
domestic and international contexts, and assesses the impacts and
consequences of policy actions.

Following successful exchange rate-based stabilization in… more…

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