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II. 2. The progress of Yen carry trade
Since 1990s, Japanese government and central bank started lowering interest rate policies so that Yen carry trade has begun.
1) After Kobe Earthquake in 1995, the Bank of Japan lowers the interest rate at 1%. In 1997, as financial crisis in East-Asia was broadening, Yen carry assets were paid off. In addition, The sharp increase in
bubble burst. Yen carry assets were paid off again.
3) Japan continued to retain the zero interest rate and the U.S. rose the interest rate so that Yen carry trade began. Due to the subprime mortgage crisis, Yen carry assets were paid off.
The IMF Staff’s paper analyzes the relation between yen carry trade and subprime as below. “This figure is the scatter chart of monthly change in n
2) Managing external debt using sustainability indicators
External debt management involves balancing resource mobilization and deployment as well as orderly repayment of future obligations. For sustainable debt management, policy makers need to project accurate debt dynamics that are sensitive to the way the current account deficits are being financed. If borrowed resources are not used produ
0. 실험 개요
0.1. 실험 요약
유동 장에서 유동의 속도 분포를 정확하게 파악하는 것은 매우 중요한다. 비행기의 날개 주위에 생기는 유동, 잠수함 주위의 유동, 긴 송유관 내에서의 유동 등에서 속도 분포는 설계나 효율성 측면에 있어 매우 큰 영향을 미친다. 그러나 피토 튜브나 Hot-wire, LDV(Laser
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