IDEAS home Printed from https://ideas.repec.org/a/taf/rjapxx/v3y1998i3p284-300.html
   My bibliography  Save this article

A Japanese perspective of Asia's currency crisis

Author

Listed:
  • C. H. Kwan

Abstract

The latest currency crisis in Asia clearly shows that the traditional exchange rate policy of pegging to the dollar is no longer consistent with macroeconomic stability in Asia's developing countries, and that they should peg closer to the Japanese yen. The weakening yen since mid‐1995 was a major factor triggering the crisis in Asia which has led to a further depreciation of the yen. Severing the vicious circle between economic deceleration in Asia and a weakening yen is crucial for the Asian economies to recover. Japan can help Asia as well as itself by pursuing a policy mix of stimulating domestic demand and pushing the yen up against the dollar.

Suggested Citation

  • C. H. Kwan, 1998. "A Japanese perspective of Asia's currency crisis," Journal of the Asia Pacific Economy, Taylor & Francis Journals, vol. 3(3), pages 284-300.
    • Handle: RePEc:taf:rjapxx:v:3:y:1998:i:3:p:284-300
    DOI: 10.1080/13547869808724654
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/13547869808724654
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/13547869808724654?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. C. H. Kwan, 1996. "A Yen bloc in Asia: An integrative approach," Journal of the Asia Pacific Economy, Taylor & Francis Journals, vol. 1(1), pages 1-21.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Gulasekaran Rajaguru & Ahmed M Khalid & Francesco Barbera, 2014. "It’s not yen, euro or koala bloc: Greenback is still dominant in East Asia," Australian Journal of Management, Australian School of Business, vol. 39(4), pages 549-571, November.
    2. Wong, KKS & Chin, Lee & Azali, M, 2015. "Yen Synchronization among ASEAN-5, Korea and Japan: Evidence from The Multivariate GARCH Model," MPRA Paper 96863, University Library of Munich, Germany.
    3. Aggarwal, Raj & Mougoue, Mbodja, 1998. "Common Stochastic Trends among Asian Currencies: Evidence for Japan, ASEANs, and the Asian Tigers," Review of Quantitative Finance and Accounting, Springer, vol. 10(2), pages 193-206, March.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:rjapxx:v:3:y:1998:i:3:p:284-300. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/rjap .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.