Corporate governance in Japan is now undergoing dramatic changes. A set of global standards for corporate governance has been advocated. For example, OECD complied guidelines on corporate governance in 1998 and 1999. Corporate governance measures are increasingly being paid attention to, and not...

Because the European Central Bank's current goal is to achieve stable prices, some EU countries have adopted direct inflation control as a target of financial policy. Several other countries, however, have adopted other targets, such as money supply targeting, exchange rate targeting, and other...

Because the European Central Bank's current goal is to achieve stable prices, some EU countries have adopted direct inflation control as a target of financial policy. Several other countries, however, have adopted other targets, such as money supply targeting, exchange rate targeting, and other...

Large accumulations of foreign reserves have been ongoing recently in Asian countries. Policymakers seem to have decided to increase high levels of foreign reserves for self-insurance or precautionary purposes against exchange rate movements. Other countries have accumulated foreign reserves to...