The Japanese foreign exchange market / Beate Reszat.
1998
HG3977 .R47 1998 (Map It)
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Details
Author
Title
The Japanese foreign exchange market / Beate Reszat.
Published
London ; New York : Routledge, [1998]
Copyright
©1998
Call Number
HG3977 .R47 1998
ISBN
0415142326
Description
xv, 230 pages : illustrations ; 23 cm.
System Control No.
(OCoLC)36656491
Bibliography, etc. Note
Includes bibliographical references (pages 204-220) and indexes.
Record Appears in
Table of Contents
List of figures and tables
Acknowledgements
List of abbreviations
Introduction
1
Market History
3
Early beginnings of money in Japan
3
Meiji Restoration and the birth of the yen
6
Post-war developments
11
Market liberalisation
14
In the aftermath of the bubble
17
2
Market Participants
21
Foreign exchange banks and brokers
22
Customers
32
3
Market Segments and Transactions
41
Spot and forward markets
45
The role of foreign exchange swaps
47
Futures and options
50
4
Attitudes Towards Risks
55
Covering and hedging
55
Position taking and arbitrage
60
Trading techniques
63
Accounting
68
5
Market Risks
80
Measures of variability
82
Some stylised facts
84
Limits to forecastability
89
6
Derivatives
99
Asymmetries and Non-linearities
99
Risk management practices
102
Market linkages and operational risks
111
7
Payment System Risks
121
Major payment systems
125
Private sector initiatives
134
8
Market Regulation
144
Principles of bank regulation
144
Exchange restrictions
150
Risk monitoring and risk provision
157
9
Exchange Rate Stabilisation
164
Central bank interventions
164
International policy cooperation
173
Conclusion
183
Notes
184
Bibliography
204
Subject index
221
Index of authors and sources cited
228