The foreign exchange origins of Japan's liquidity trap

Cato Journal

Volumn 20, Issue 1, 2000, Pages 73-84

  McKinnon, Ronald I ^a  

^a STANFORD UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0141832038     PISSN: 02733072     EISSN: 02733072     Source Type: Journal    
DOI: None     Document Type: Review

References (11)

1. Carte, D.; Galli, G.; and Rebechini, S. (1992) "Exchange Rates Can be Managed!" International Economic Insights (September/October): 17-21.
2. Dominguez, K.M., and Frankel, J.A. (1993) Does Foreign Exchange Intervention Work? Washington, D.C.: Institute for International Economics.
3. Dornbusch, R. (1976) "Expectations and Exchange Rate Dynamics." Journal of Political Economy 84: 1161-76.
4. Frenkel, J., and Mussa, M. (1980) "The Efficiency of Foreign Exchange Markets and Measures of Turbulence." American Economic Review 70(2): 374-81.
5. Keynes, J.M. (1936) The General Theory of Employment, Interest and Money. New York: Macmillan.
6. Krugman, P. (1998a) "Japan's Trap." http://web.mit.edu/krugman/ www/japtrap.html (May).
7. Krugman, P. (1998b) "Japan Still Trapped." http://web.mit.edu/ krugman/www/japtrap2.html (November).
8. McKinnon, R.I. (1979) Money in International Exchange: The Convertible Currency System. New York: Oxford University Press.
9. McKinnon, R.I., and Ohno, K. (1997) Resolving Economic Conflict between the United States and Japan. Cambridge, Mass.: MIT Press (Japanese translation, Nihon Keizai Shimbun 1998).
10. McKinnon, R.I., and Ohno, K. (forthcoming) "The Foreign Exchange Origins of Japan's Economic Slump and Low Interest Liquidity Trap." The World Economy.
11. Meltzer, A.H. (1998) "Time to Print Money." Financial Times, 17 July.