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Would a rising yen mean global turmoil?
Author(s) -
Tokic Damir,
Tokic Stijepko
Publication year - 2007
Publication title -
journal of corporate accounting and finance
Language(s) - English
Resource type - Journals
eISSN - 1097-0053
pISSN - 1044-8136
DOI - 10.1002/jcaf.20334
Subject(s) - liberian dollar , value (mathematics) , economics , monetary economics , us dollar , financial crisis , financial system , business , finance , exchange rate , keynesian economics , machine learning , computer science
Since 1995, Japan has had low interest rates and a depreciating value of the yen against the U.S. dollar. So global investors have borrowed funds in Japan to invest in other global markets. But any indication of change in fundamentals can cause severe global financial turmoil, warn the authors of this article. They explain what signs investors need to watch to avert disaster, and how investors should protect themselves. © 2007 Wiley Periodicals, Inc.