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Inertia in the key currency

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  • Ogawa, Eiji
  • Sasaki, Yuri Nagataki

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  • Ogawa, Eiji & Sasaki, Yuri Nagataki, 1998. "Inertia in the key currency," Japan and the World Economy, Elsevier, vol. 10(4), pages 421-439, October.
    • Handle: RePEc:eee:japwor:v:10:y:1998:i:4:p:421-439
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    References listed on IDEAS

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    1. Obstfeld, Maurice, 1981. "Macroeconomic Policy, Exchange-Rate Dynamics, and Optimal Asset Accumulation," Journal of Political Economy, University of Chicago Press, vol. 89(6), pages 1142-1161, December.
    2. William J. Baumol, 1952. "The Transactions Demand for Cash: An Inventory Theoretic Approach," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 66(4), pages 545-556.
    3. Edward L. Whalen, 1966. "A Rationalization of the Precautionary Demand for Cash," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 80(2), pages 314-324.
    4. Calvo, Guillermo A., 1981. "Devaluation: Levels versus rates," Journal of International Economics, Elsevier, vol. 11(2), pages 165-172, May.
    5. McKinnon, Ronald I., 1979. "Money in International Exchange: The Convertible Currency System," OUP Catalogue, Oxford University Press, number 9780195024098.
    6. Paul R. Krugman, 1984. "The International Role of the Dollar: Theory and Prospect," NBER Chapters, in: Exchange Rate Theory and Practice, pages 261-278, National Bureau of Economic Research, Inc.
    7. Kiminori Matsuyama & Nobuhiro Kiyotaki & Akihiko Matsui, 1993. "Toward a Theory of International Currency," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 60(2), pages 283-307.
    8. Olivier Jean Blanchard & Stanley Fischer, 1989. "Lectures on Macroeconomics," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262022834, December.
    9. Calvo, Guillermo A., 1985. "Currency substitution and the real exchange rate: the utility maximization approach," Journal of International Money and Finance, Elsevier, vol. 4(2), pages 175-188, June.
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    Cited by:

    1. Mizuki GOTO & Kazunobu HAYAKAWA & Satoshi KOIBUCHI & Taiyo YOSHIMI, 2023. "Export Experience and the Choice of Invoice Currency: Evidence from a questionnaire survey of Japanese SMEs," Discussion papers 23032, Research Institute of Economy, Trade and Industry (RIETI).
    2. Eiji OGAWA & Makoto MUTO, 2018. "What Determines Utility of International Currencies?," Discussion papers 18077, Research Institute of Economy, Trade and Industry (RIETI).
    3. Thomas Plümper & Vera E. Troeger, 2006. "Fear of Floating and the External Effects of Currency Unions," The Institute for International Integration Studies Discussion Paper Series iiisdp181, IIIS.
    4. Eiji OGAWA & Makoto MUTO, 2017. "Declining Japanese Yen and Inertia of the U.S. Dollar," Discussion papers 17018, Research Institute of Economy, Trade and Industry (RIETI).
    5. Ahmed Mehedi Nizam, 2023. "An analysis of transnational transfer of wealth through cross-border financial transactions," SN Business & Economics, Springer, vol. 3(1), pages 1-31, January.
    6. Eiji OGAWA & Makoto MUTO, 2016. "Inertia of the U.S. Dollar as a Key Currency through the Two Crises," Discussion papers 16038, Research Institute of Economy, Trade and Industry (RIETI).
    7. Eiji Ogawa & Makoto Muto, 2019. "What Determines Utility of International Currencies?," JRFM, MDPI, vol. 12(1), pages 1-31, January.
    8. Nizam, Ahmed Mehedi, 2021. "Redistribution of wealth through cross border financial transactions: A closer look," MPRA Paper 109374, University Library of Munich, Germany.

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