The Internationalization of Currencies

An Appraisal of the Japanese Yen

• Author(s): Mr.George S. Tavlas, Yusuru Ozeki,
• Publisher: International Monetary Fund
• Pages: 63
• ISBN_10: 1557751978
  ISBN_13: 9781557751973
  
• Language: en
• Categories: Business & Economics / Money & Monetary Policy , Business & Economics / Exports & Imports , Business & Economics / Banks & Banking ,

Description:... A tripolar international monetary system-centered on the U.S. dollar, the deutsche mark, and the yen - appears to be emerging. This paper not only assesses the role of the yen as an international currency but also presents a unified theory of international currency use and distinguishes between the roles of a nation as a world banker and as an international financial intermediary.