Effective Exchange Rates in Japan, 1879-1938
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Authors
Shimazaki, Masao
Solomou, Solomos
Abstract
This paper constructs nominal and real multilateral effective exchange rates ffor Japan during the period 1879-1938. Existing studies of Japanese quantitative economic history have tended to use the dollar-yen bilateral exchange rate. A comparison of different indices suggests that the new data offer new insights into Japan�s economic history.
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Faculty of Economics