0
Your cart

Your cart is empty

Books > History > History of specific subjects > Economic history

Buy Now

Strong Money Demand in Financing War and Peace - The Cases of Wartime and Contemporary Japan (Hardcover, 1st ed. 2021) Loot Price: R3,280
Discovery Miles 32 800
Strong Money Demand in Financing War and Peace - The Cases of Wartime and Contemporary Japan (Hardcover, 1st ed. 2021): Makoto...

Strong Money Demand in Financing War and Peace - The Cases of Wartime and Contemporary Japan (Hardcover, 1st ed. 2021)

Makoto Saito

Series: Advances in Japanese Business and Economics, 28

 (sign in to rate)
Loot Price R3,280 Discovery Miles 32 800 | Repayment Terms: R307 pm x 12*

Bookmark and Share

Expected to ship within 10 - 15 working days

This book theoretically and empirically investigates the emergence of strong money demand in wartime Japan (1937-1945), its disappearance after the end of the war (1945-1949), and the reemergence of strong money demand in contemporary Japan (from 1995 to the present) in terms of the effects on fiscal activities and the price level. An augmented fiscal/monetary theory of the price level is constructed from a close examination of the strong money demand present in these periods. Then, profoundly puzzling phenomena such as mild deflation despite monetary expansion, low long-term interest rates despite fiscal unsustainability, and weak aggregate demand despite near-zero rates of interest, all of which are actually being observed in contemporary Japan, can now be interpreted in line with the above augmented theory. In the present, strong money demand at near-zero rates endows the Japanese government with maximum fiscal flexibility. However, if it disappeared for some reason, prices would surge to the quantity theory of money level, and fiscal sustainability would have to be restored. In the future, alternative currency units issued by private banks might carry out a purge of such strong demand for the yen.

General

Imprint: Springer Verlag, Singapore
Country of origin: Singapore
Series: Advances in Japanese Business and Economics, 28
Release date: June 2021
First published: 2021
Authors: Makoto Saito
Dimensions: 235 x 155mm (L x W)
Format: Hardcover
Pages: 204
Edition: 1st ed. 2021
ISBN-13: 978-981-16-2445-2
Categories: Books > Humanities > History > History of specific subjects > Economic history
Books > Business & Economics > Economics > Macroeconomics > Monetary economics
Books > History > History of specific subjects > Economic history
LSN: 981-16-2445-3
Barcode: 9789811624452

Is the information for this product incomplete, wrong or inappropriate? Let us know about it.

Does this product have an incorrect or missing image? Send us a new image.

Is this product missing categories? Add more categories.

Review This Product

No reviews yet - be the first to create one!

You might also like..

The Super Cadres - ANC Misrule In The…
Pieter du Toit Paperback R330 R220 Discovery Miles 2 200
Crash And Burn - A CEO's Crazy…
Glenn Orsmond Paperback R310 R248 Discovery Miles 2 480
The BRICS In Africa - Promoting…
Funeka Y. April, Modimowabarwa Kanyane, … Paperback R295 R231 Discovery Miles 2 310
How To Fix (Unf*ck) A Country - 6 Things…
Roy Havemann Paperback R310 R248 Discovery Miles 2 480
Harry Oppenheimer - Diamonds, Gold And…
Michael Cardo Paperback R360 R288 Discovery Miles 2 880
Koos Bekker's Billions
T J Strydom Paperback R320 R250 Discovery Miles 2 500
Age Of The City - Why Our Future Will Be…
Ian Goldin, Tom Lee-Devlin Paperback R450 R360 Discovery Miles 3 600
Punishing Putin - Inside The Global…
Stephanie Baker Hardcover R761 R591 Discovery Miles 5 910
Black Pioneers - The Untold Stories Of…
Phakamisa Ndzamela Hardcover R395 R291 Discovery Miles 2 910
Principles for Dealing with the Changing…
Ray Dalio Hardcover R590 R472 Discovery Miles 4 720
Capitalism
Paul Bowles Hardcover R3,881 Discovery Miles 38 810
Constructing Neoliberalism - Economic…
Jonathan Swarts Hardcover R2,093 Discovery Miles 20 930

See more

Partners