Title: Conquering the fear of freedom : Japanese exchange rate policy since 1945 /
Authors: Takagi, Shinji, 1953-
Year: 2015
Subjects: Foreign exchange rates Japan.; Monetary policy Japan History; Monetary policy Japan History; Foreign exchange rates Japan History; Foreign exchange rates Japan History; Japan Economic policy
Abstract: 'Conquering the Fear of Freedom' presents an analytical review of Japanese exchange rate policy from the end of World War II to the present - how authorities, starting from imposing 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.
Contents: Machine generated contents note: 1.Exchange Rate-Based Stabilization: 1945 -- 50 -- 1.1.Introduction -- 1.2.Features of Postwar Inflation -- 1.3.Failed Attempts at Stabilization -- 1.4.A New Approach to Economic Stabilization -- 1.5.The Dodge Stabilization Plan -- 2.Achieving Current Account Convertibility: 1949 -- 64 -- 2.1.Introduction -- 2.2.The Trade and Payments System in the Early 1950s -- 2.3.The System of Trade Control in the Early 1950s -- 2.4.The Restrictive System as a Tool for External Adjustment -- 2.5.Moving Toward Liberalization of the System -- 2.6.Foreign Trade and Foreign Exchange Market Activity -- 2.7.Trade and Exchange Liberalization in the Early 1960s -- 3.Capital Account Liberalization: 1950 -- 80 -- 3.1.Introduction -- 3.2.An Overview of Japan's Capital Account Liberalization: 1950 -- 80 -- 3.3.Official and Government-Mediated Flows -- 3.4.Managing Short-Term Flows -- 3.5.Foreign Direct Investment -- 3.6.Portfolio and Other Investments --