Nobody downloaded yet

ON THE JAPANESE YEN - Research Paper Example

Comments (0) Cite this document
Summary
The purpose of this paper is to investigate into the co-integration between the nominal exchange rates and the Japanese Yen, and the foreign price levels. As such, the paper will primarily focus on examining the validity of the Purchasing Power Parity (PPP) Theory in the context…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER94.5% of users find it useful
RESEARCH ON THE JAPANESE YEN
Read TextPreview

Extract of sample "ON THE JAPANESE YEN"

Download file to see previous pages Precisely, this theory argues that a unit current, for instance, the Yen must have the same purchasing power in a foreign country. The study uses the Japanese Yen together with other currencies in testing the PPP hypothesis and focuses on the empirical analysis from 1980 up to March 2013. This period is divided into three windows. The first window is what is referred to as the complete sample; the pre-crisis sample, which began in January 1980 and ended in August 2008, is the second window. The third window is referred to as the crisis sample, starting from September 2008 up to March 2013. The Japanese Yen among other currencies such as the Euro, the British pound and the U.S dollar are key currencies of the recent floating exchange rate period. In this regard, the first step of the study was to check for the stability of the real exchange rate prior to and after Lehman Brother’s crash in 2008. The empirical results showed that the real exchange rate is not constant for Japanese yen.
For a proper evaluation of the problem under study this paper will comprise of various sections, including a brief literature review, the econometric methodology, data and empirical evidence, and lastly a summary of the findings and concluding remarks.
The purchasing power theory dates back to several centuries ago, beginning with the Spanish doctors and the ‘Salamanca School’ of the 16th century who had crucial contributions to the economic theory (Laurentiu). They designed a quantitative money theory of the foreign exchange, which was based on diversity in purchasing power in various countries from observing the general effects on price levels, exchange rates and money supplies of large inflows of gold from the newly discovered continent, America.
The celebrated Augustinian doctor, called ‘Doctor Navarrus came up with some outstanding contributions in ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“RESEARCH ON THE JAPANESE YEN Paper Example | Topics and Well Written Essays - 2000 words”, n.d.)
RESEARCH ON THE JAPANESE YEN Paper Example | Topics and Well Written Essays - 2000 words. Retrieved from https://studentshare.org/finance-accounting/1689988-research-on-the-japanese-yen
(RESEARCH ON THE JAPANESE YEN Paper Example | Topics and Well Written Essays - 2000 Words)
RESEARCH ON THE JAPANESE YEN Paper Example | Topics and Well Written Essays - 2000 Words. https://studentshare.org/finance-accounting/1689988-research-on-the-japanese-yen.
“RESEARCH ON THE JAPANESE YEN Paper Example | Topics and Well Written Essays - 2000 Words”, n.d. https://studentshare.org/finance-accounting/1689988-research-on-the-japanese-yen.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF RESEARCH ON THE JAPANESE YEN

Japanese culture

...and cultivated countries of the contemporary world, the examining and exploration of ancient Japanese cultural traits and spiritual thought has always been a subject of great interest for the archaeologists, historians and anthropologists. However, researches find no solid records of the Japanese cult and culture in Paleolithic era; thus, either the indigenous Japanese of the Old Stone Age had perished away, or they had been invaded and killed by the outsiders during early Neolithic era. “Because no full skeletons have yet been found, it has been difficult for the archaeologists to make judgment about the racial character of the Old Stone Age Japanese.”...
4 Pages(1000 words)Essay

Japanese America

...?Without a doubt, I do not agree with the American diplomatic policy that the government administered for several reasons. First and foremost was thefact that most civilians that were detained from Japan were innocent and were even willing to fight for the American army. Although the fear of spies that dominated the war scene at times seemed to be a logical idea, it does not diminish the fact that the rights of the citizens were brutally violated. More than two-thirds of the Japanese detained were American citizens and mostly of them children. Furthermore, no citizen showed any betrayal to their nation. As the procedure to send Japanese Americans to camps began, many lost all their materialistic needs...
1 Pages(250 words)Coursework

Japanese Cinema

...JAPANESE CINEMA MIDTERM PAPER Cinema or the film industry is that fraternity which has drastic impacts and is playing a very important role in reshaping society worldwide. It is quite saddening that sex and violence are an integral component of all movies. Today movies that are being produced across the borders have incorporated a variety of sexual and violent content. The Japanese filmmaking agency is also a victim of this trend in which entertainment is provided by using bold content. It is quite astonishing that such content is appealing to the masses who prefer movies which contain sexual activities or violence, specially the youngster are more inclined towards movies which portray exploitation. We...
8 Pages(2000 words)Essay

Japanese Cinema

...?Japanese Cinema Response Paper INTRODUCTION Eros Plus Massacre was released in the year 1969. The film was directed by Yoshishige Yoshida and was written by Masahiro Yamada. The film is a biographical picture based on the life of the Japanese anarchist Sakae Osugi. His life concentrated around three women he loved and finally he was assassinated in the year 1923 by Japanese military. The film, Eros Plus Massacre does not only deals with the life of the Japanese anarchist but also focuses on the political and social theories of free love which he envisaged through the research work of two students upon the life of Osugi depicted through the film. THESIS...
3 Pages(750 words)Essay

Dollar versus Yen -The Road Ahead

..., the longest winning streak since 2001, as the Federal Reserve stuck to its policy of ''measured" increases in interest rates. The markets had then expected the dollar to rally to about 115 yens. The yield advantage of 10-year US Treasury notes with Japan had averaged 2.87 percentage points in 2005 year and reached as much as 3.27 percentage points on March 28 2005. As a result of these Japanese investors were buying the dollar to purchase overseas assets, such as Treasuries strengthening interest in dollar. As compared to this The Bank of Japan had kept rates near zero since 2001.US Rate increases had helped notch an 11 percent gain in the dollar vs. the yen. However for the first time...
2 Pages(500 words)Essay

Should Japanese Yen be appreciated or depreciated against U.S. Dollar

...Should Japanese Yen be appreciated or depreciated against U.S. Dollar? Introduction A country’s position in international markets and gains from trade depends a lot on its external policies. Exchange rate has been important for determining price of imported goods with respect to domestic goods. Hence it needs to give sufficient attention as well as importance to the exchange rate policies. If either Japan or United States is considered, both the countries have been in the list of developed nations and at the same time badly affected by recession. The government of Japan or US modifies exchange rates mostly during purchase and sale of either currencies- dollar or yen. Over the years owing...
6 Pages(1500 words)Research Paper

Japanese history

...Section/# Impacts upon Japanese Society: A Discussion of Bushido Although Hollywood and other forms of world media has made much of a sensation and media circus around the term and understanding of the word “bushido”, the fact of the matter is that this term and its origins and understanding has done a great deal to shape the fabric of both past as well as current Japanese society. As a function of understanding such a construct, this brief analysis will analyze the historical roots of bushido as well as trace some of the ways that bushido has and to a large part continues to impact upon Japanese society and the interpretation thereof. The word bushido itself means “way of the...
2 Pages(500 words)Book Report/Review

Prince Tan of Yen

...Prince Tan of Yen The story of Prince Tan of Yen is a captivating narration that features the situation of the kingship in the traditional Chinese society. Prince Tan of Yen was held as a goodwill hostage for a long period of time by the King of Chin and suffered a lot of mistreatment during this period. After his miraculous release, the Prince felt very disgraced and revenge was the only thing that he could figure out. He felt that the death of the King of Chin would be the only way to save his face from the shame that besieged his character as the Prince of Yen. Although it was quite difficult to figure out the way he could manage to fight such a strong King, he worked relentlessly and sought the advice of the wise men of Yen... him go....
3 Pages(750 words)Essay

Interdependence in Tiger Writing by Gish Yen

...Interdependence in “Tiger Writing” by Gish Yen The reading under consideration is “Tiger Writing” by Gish Jen, which is being reviewed by Wesley Yang for the New York Times. The following article draws upon some of the core ideas of the book that touch upon questions concerning the place and role of an individual in the society. The most interesting among the raised issues are the questions of whether it is possible to assert that the relationships of interdependence are more advantageous than independence. In this regard, I support the view expressed by Jen that interdependence can become a way to strike the balance between the collective interests and personal ones, thereof, it is the most acceptable option. To start...
2 Pages(500 words)Essay

Japanese Music

... Shakuhachi After I have discovered the world of Japanese culture, especially music and musical instruments, I really want to try the flute, shakuhachi, myself. There is something special in this instrument, something that calms me down and makes me think positive. Ive learned that there are some differences between Japanese and Western flute. First thing that catches the eye is that they are different in form and material. Shakuhachi is made from wood (bamboo) and is smaller than the Western flute that is usually made from metal, but may be made from wood as well. Another major difference is embouchure. The Japanese one is a vertical flute, and we taut an upper lip, a lower lip stays relaxed, so the instrument can produce fuller...
1 Pages(250 words)Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Research Paper on topic RESEARCH ON THE JAPANESE YEN for FREE!

Contact Us