The Misalignment of the U.S. Dollar and the Japanese Yen: The Problem and Its Solution

Over the past several years, there has been a growing exchange rate imbalance between the U.S. dollar and foreign currencies, particularly the yen. The crisis caused by the misalignment has serious consequences for both American industry and the world economy. This article recommends a number of spe...

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Bibliographic Details
Published in:California management review 1984-10, Vol.27 (1), p.42
Main Authors: Solomon, Ezra, Murchison, David C
Format: Article
Language:English
Subjects:
American dollar
Currency
Exports
Foreign exchange rates
International trade
Trade deficit
Yen
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Summary:Over the past several years, there has been a growing exchange rate imbalance between the U.S. dollar and foreign currencies, particularly the yen. The crisis caused by the misalignment has serious consequences for both American industry and the world economy. This article recommends a number of specific policies and actions that would redress the imbalance in a way that would benefit both the American and Japanese economies
ISSN:0008-1256
2162-8564