In this project, we aim to develop the research conducted in our previous project "Exchange Rates and International Currency." Specifically, to provide broad policy implications, we set three themes: Exchange rates and currency system; invoice currency and exchange rate pass-through; and macroeconomic analysis of current account and trade structure. Furthermore, through publishing our original datasets (Asian Monetary Unit, Asian Monetary Unit Deviation Indicator, and Industry-specific Real Effective Exchange Rates), we open our research results to the public. Also, we make concerted efforts to publish our work in reputed academic journals.
July 3, 2017 - June 30, 2019
Major Research Results
RIETI Discussion Papers
"Effects of US Interest Rate Hikes and Global Risk on Daily Capital Flows in Emerging Market Countries" (OGAWA Eiji, SHIMIZU Junko and LUO Pengfei)
"What Determines Utility of International Currencies?" (OGAWA Eiji and MUTO Makoto)
"Choice of Invoice Currency and Exchange Rate Risk Management: 2017 Questionnaire Survey with Japanese headquarters" (ITO Takatoshi, KOIBUCHI Satoshi, SATO Kiyotaka and SHIMIZU Junko)