Japan and the Republic of Korea (Korea) are close countries in terms of economic interaction and geography and important to the economic growth and development of the region. To quantify the impact of changes in the yen/dollar exchange rate and Japanese industrial production on the Korean...

Japan and Korea are close countries in terms of economic interaction as well as geography. To quantify the impact of changes in the yen-dollar exchange rate on the Korean economy before and after the crisis in 1997, the sample period has been divided into two sub-periods and the causal...

The determination of exchange rates in international financial markets is, of course, based on the supply and demand between foreign exchange and the local currency. The supply of foreign exchange is determined by the current and capital account balances. In the world before the 1990s, when the...

Recently, firm-level data have been made public, enabling analysis of the effect that exchange rates on the individual companies. The results will serve as a valuable basis to formulate sophisticated policies for companies and policy-makers. The majority of previous studies related to exchange...