The Internationalization of Currencies: An Appraisal of the Japanese Yen

Author/Editor: Tavlas, George S. ; Ozeki, Yusuru
Publication Date: January 15, 1992
Summary: 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.
Series: Occasional Paper No. 90
Subject(s): Japanese yen | Monetary policy | Capital flows | Capital outflows | Japan

Publication Date: January 15, 1992
ISBN/ISSN: ISSN 0251-6365 ; ISBN 1-55775-197-8 Format: Paper
Stock No: S090EA0000000 Pages: vii+56
Please address any questions about this title to