HATASE, MARIKO; OHNUKI, MARI - In: European Review of Economic History 13 (2009) 03, pp. 319-347
pound sterling and the US dollar for the status of leading reserve currency in Japan during the interwar period. We find … currencies are trade volumes and the currency denomination of external debt. The latter criteria supported maintaining sterling …'s status as a reserve currency for the interwar period, reflecting its considerable share in debt service generated through …