IDEAS home Printed from https://ideas.repec.org/h/nbr/nberch/8625.html
   My bibliography  Save this book chapter

The Syndrome of the Ever-Higher Yen, 1971-1995: American Mercantile Pressure on Japanese Monetary Policy

In: Changes in Exchange Rates in Rapidly Developing Countries: Theory, Practice, and Policy Issues

Author

Listed:
  • Ronald McKinnon
  • Kenichi Ohno
  • Kazuko Shirono

Abstract

No abstract is available for this item.

Suggested Citation

  • Ronald McKinnon & Kenichi Ohno & Kazuko Shirono, 1999. "The Syndrome of the Ever-Higher Yen, 1971-1995: American Mercantile Pressure on Japanese Monetary Policy," NBER Chapters, in: Changes in Exchange Rates in Rapidly Developing Countries: Theory, Practice, and Policy Issues, pages 341-376, National Bureau of Economic Research, Inc.
  • Handle: RePEc:nbr:nberch:8625
    as

    Download full text from publisher

    File URL: http://www.nber.org/chapters/c8625.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Anne Krueger, 1995. "American Trade Policy: A Tragedy in the Making," Books, American Enterprise Institute, number 53526, September.
    2. C. Fred Bergsten & Marcus Noland, 1993. "Reconcilable Differences? United States-Japan Economic Conflict," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 34, October.
    3. Laura D'Andrea Tyson, 1992. "Who's Bashing Whom? Trade Conflict in High-Technology Industries," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 86, October.
    4. Baldwin, Robert E., 1988. "Trade Policy in a Changing World Economy," University of Chicago Press Economics Books, University of Chicago Press, edition 1, number 9780226036113, September.
    5. Ronald I. McKinnon & Kenichi Ohno, 1997. "Dollar and Yen: Resolving Economic Conflict between the United States and Japan," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262133350, December.
    6. Ronald I. McKinnon, 1996. "The Rules of the Game: International Money and Exchange Rates," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262133180, December.
    7. Paul Krugman, 1991. "Trade with Japan: Has the Door Opened Wider?," NBER Books, National Bureau of Economic Research, Inc, number krug91-1, March.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Xinhua He & Duo Qin & Yimeng Liu, 2012. "Exchange rate misalignments: a comparison of China today against recent historical experiences of Japan, Germany, Singapore and Taiwan," Journal of Chinese Economic and Business Studies, Taylor & Francis Journals, vol. 10(3), pages 247-266, May.

    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. Charles Yuji Horioka, 2016. "Is Imbalances And Current Account Surpluses In Japan: In Memory Of Professor Ronald I. Mckinnon," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 61(02), pages 1-17, June.
    2. Robert A. Blecker, 1998. "International Competitiveness, Relative Wages, and the Balance-Of-Payments Constraint," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 20(4), pages 495-526, July.
    3. Frans Buelens, 1997. "After the presidential elections: Will the US “open door” trade strategy continue?," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 32(1), pages 41-50, January.
    4. R Hayter & D W Edgington, 1999. "‘Getting Tough’ and ‘Getting Smart’: Politics of the North American — Japan Wood-Products Trade," Environment and Planning C, , vol. 17(3), pages 319-344, June.
    5. Sven Arndt, 1996. "North American Free Trade: An assessment," Open Economies Review, Springer, vol. 7(1), pages 77-92, January.
    6. Ronald I. McKinnon, 2002. "After the Crisis, the East Asian Dollar Standard Resurrected: An Interpretation of High-Frequency Exchange Rate Pegging," World Scientific Book Chapters, in: Augustine H H Tan (ed.), Monetary And Financial Management In Asia In The 21st Century, chapter 2, pages 21-77, World Scientific Publishing Co. Pte. Ltd..
    7. Bown, Chad, 2020. "How the United States Marched the Semiconductor Industry into Its Trade War with China," East Asian Economic Review, Korea Institute for International Economic Policy, vol. 24(4), pages 349-388, December.
    8. Susan Strange, 1995. "European Business in Japan: A Policy Crossroads?," Journal of Common Market Studies, Wiley Blackwell, vol. 33(1), pages 1-25, March.
    9. Douglas A. Irwin, 1996. "Trade Policies and the Semiconductor Industry," NBER Chapters, in: The Political Economy of American Trade Policy, pages 11-72, National Bureau of Economic Research, Inc.
    10. Schnabl, Gunther & Gurbaxani, Indira, 1997. "Zielsetzungen und Strategien im japanisch-amerikanischen Handelskonflikt," Tübinger Diskussionsbeiträge 114, University of Tübingen, School of Business and Economics.
    11. Ronald I. McKinnon, 2002. "Limiting Moral Hazard and Reducing Risk in International Capital Flows: The Choice of an Exchange Rate Regime," The ANNALS of the American Academy of Political and Social Science, , vol. 579(1), pages 200-218, January.
    12. McKinnon, Ronald I., 2015. "Mundell, the Euro, and the World Dollar Standard," Journal of Policy Modeling, Elsevier, vol. 37(3), pages 450-459.
    13. Ronald McKinnon, 2000. "Mundell, the Euro, and Optimum Currency Areas," Working Papers 00009, Stanford University, Department of Economics.
    14. Byron Gangnes & Craig Parsons, 2007. "Have US–Japan Trade Agreements Made a Difference?," Journal of the Asia Pacific Economy, Taylor & Francis Journals, vol. 12(4), pages 548-566.
    15. Ronald McKinnon, 2010. "Rehabilitating the unloved dollar standard," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 24(2), pages 1-18, November.
    16. Schnabl, Gunther & Baur, Dirk, 2002. "Purchasing power parity: Granger causality tests for the yen-dollar exchange rate," Japan and the World Economy, Elsevier, vol. 14(4), pages 425-444, December.
    17. Peter Drysdale, 1995. "The Question of Access to the Japanese Market," The Economic Record, The Economic Society of Australia, vol. 71(3), pages 271-283, September.
    18. Gunther Schnabl & Indira Gurbaxani, 1998. "Goals, decision-making mechanisms and instruments in the Japanese-American trade conflict," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 33(3), pages 126-135, May.
    19. George S. Tavlas, 2000. "On the Exchange Rate as a Nominal Anchor: The Rise and Fall of the Credibility Hypothesis," The Economic Record, The Economic Society of Australia, vol. 76(233), pages 183-201, June.
    20. Wickes, Ron, 2021. "Trade deficits and trade conflict: The United States and Japan," Japan and the World Economy, Elsevier, vol. 60(C).

    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:nbr:nberch:8625. 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: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/nberrus.html .

    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.