東華大學圖書館 |

Language: English

Help

回圖書館首頁

手機版館藏查詢

Back

Switch To: Labeled | MARC Mode | ISBD

Strong money demand in financing war...

Saito, Makoto.

Linked to FindBook

Google Book

Amazon

博客來

Strong money demand in financing war and peace = the cases of wartime and contemporary Japan /

Record Type:	Electronic resources : Monograph/item
Title/Author:	Strong money demand in financing war and peace/ by Makoto Saito.
Reminder of title:	the cases of wartime and contemporary Japan /
Author:	Saito, Makoto.
Published:	Singapore :Springer Singapore : : 2021.,
Description:	xxiv, 204 p. :ill., digital ;24 cm.
[NT 15003449]:	Long-Run Observations (the 1890s to the 2010s) and an Alternative Theory of the Price Level -- Demand for BOJ Notes from Black Markets under Price Controls (1937 to 1949) -- On Wartime Money Finance in the Japanese Occupied Territories (1942 to 1945)
Contained By:	Springer Nature eBook
Subject:	Demand for money - History. - Japan -
Subject:	Japan - Economic conditions -
Online resource:	https://doi.org/10.1007/978-981-16-2446-9
ISBN:	9789811624469

Strong money demand in financing war and peace = the cases of wartime and contemporary Japan /
Saito, Makoto.

Strong money demand in financing war and peacethe cases of wartime and contemporary Japan /[electronic resource] :by Makoto Saito. - Singapore :Springer Singapore :2021. - xxiv, 204 p. :ill., digital ;24 cm. - Advances in Japanese business and economics,v.282197-8859 ;. - Advances in Japanese business and economics ;v.28..

Long-Run Observations (the 1890s to the 2010s) and an Alternative Theory of the Price Level -- Demand for BOJ Notes from Black Markets under Price Controls (1937 to 1949) -- On Wartime Money Finance in the Japanese Occupied Territories (1942 to 1945)

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.

ISBN: 9789811624469

Standard No.: 10.1007/978-981-16-2446-9doiSubjects--Topical Terms:

3505402
Demand for money
--History.--JapanSubjects--Geographical Terms:

3166602
Japan
--Economic conditions

LC Class. No.: HG1272

Dewey Class. No.: 332.4952

Strong money demand in financing war and peace = the cases of wartime and contemporary Japan /
LDR:02588nmm a2200349 a 4500 001 2244486
003 DE-He213
005 20210623201337.0
006 m d
007 cr nn 008maaau
008 211207s2021 si s 0 eng d
020 $a 9789811624469 $q (electronic bk.)
020 $a 9789811624452 $q (paper)
024 7 $a 10.1007/978-981-16-2446-9 $2 doi
035 $a 978-981-16-2446-9
040 $a GP $c GP
041 0 $a eng
050 4 $a HG1272
072 7 $a KCB $2 bicssc
072 7 $a BUS039000 $2 bisacsh
072 7 $a KCB $2 thema
072 7 $a KCBM $2 thema
082 0 4 $a 332.4952 $2 23
090 $a HG1272 $b .S158 2021
100 1 $a Saito, Makoto. $3 3505400
245 1 0 $a Strong money demand in financing war and peace $h [electronic resource] : $b the cases of wartime and contemporary Japan / $c by Makoto Saito.
260 $a Singapore : $b Springer Singapore : $b Imprint: Springer, $c 2021.
300 $a xxiv, 204 p. : $b ill., digital ; $c 24 cm.
490 1 $a Advances in Japanese business and economics, $x 2197-8859 ; $v v.28
505 0 $a Long-Run Observations (the 1890s to the 2010s) and an Alternative Theory of the Price Level -- Demand for BOJ Notes from Black Markets under Price Controls (1937 to 1949) -- On Wartime Money Finance in the Japanese Occupied Territories (1942 to 1945)
520 $a 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.
650 0 $a Demand for money $z Japan $x History. $3 3505402
650 1 4 $a Macroeconomics/Monetary Economics//Financial Economics. $3 2162289
650 2 4 $a Economic History. $3 2182102
650 2 4 $a Economy-wide Country Studies. $3 2181785
651 0 $a Japan $x Economic conditions $x History. $3 3166602
651 0 $a Japan $x Economic policy. $3 694402
710 2 $a SpringerLink (Online service) $3 836513
773 0 $t Springer Nature eBook
830 0 $a Advances in Japanese business and economics ; $v v.28. $3 3505401
856 4 0 $u https://doi.org/10.1007/978-981-16-2446-9
950 $a Economics and Finance (SpringerNature-41170)