The Japanese Foreign Exchange Market
The Japanese Foreign Exchange Market
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日本外汇市场
DOI：
10.4324/9780203282557
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发表时间：
1997
期刊：
影响因子：
--
通讯作者：
Beate Reszat
中科院分区：
文献类型：
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作者：
Beate Reszat
介绍市场历史，日本货币的早期开始明治维新和日元的诞生战后发展市场自由化泡沫的后果一般特征，市场参与者外汇银行和经纪人客户，市场细分和交易现货和远期市场外汇掉期，期货和期权的作用对风险的态度覆盖和对冲头寸和套利，交易技巧会计风险市场风险可变性的措施一些程式化的事实限制可预测性衍生工具不对称性和非线性风险管理实践市场联系和操作风险支付系统风险，主要支付系统私营机构措施政策问题市场监管银行监管原则外汇限制风险监察及风险拨备汇率稳定中央银行国际政策合作
INTRODUCTION MARKET HISTORY, Early beginning of money in Japan Meiji Restoration and the birth of Yen Post-war developments Market liberalisation In the aftermath of the bubble GENERAL CHARACTERISTICS, Market participants Foreign exchange banks and brokers Customers, Market segments and transactions Spot and forward markets The role of foreign exchange swaps, Futures and options Attitudes towards risks Covering and Hedging Position taking and arbitrage, Trading Techniques Accounting THE RISKS Market risks Measures of variability Some stylised facts Limits to forecastibility Derivatives Asymmetries and Nonlinearities Risk management practices Market linkages and operational risks Payment system risks, Major payment systems Private sector initiatives POLICY ISSUES Market regulation Principles of bank regulation Exchange restrictions Risk monitoring and risk provision Exchange rate stabilisation Central bank interventions International policy co-operation CONCLUSION Bibliogrpahy