20,264 research outputs found

    Weak Economy and Strong Currency - The Origins of the Strong Yen in the 1990s

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    During the 1990’s the Japanese yen proved astonishingly strong despite the persisting recession. This paper tracks the origins of the high yen. It analyses the influence of interest rates, prices and foreign exchange policy on the yen-dollar exchange rate. It comes to the conclusion that real interest differentials can only explain short-term exchange rate changes. Since prices have been exerting their influence on the Japanese currency in the long run, the high yen is explained with deflation. The massive foreign exchange interventions of the 1990’s were only able to stop the appreciation temporarily, if they were unsterilized, but they had no lasting effects.Japan, Yen, Yen/Dollar Exchange Rate, Foreign Exchange Intervention

    The revitalization of Pho Hien Historic District in Hung Yen (Vietnam)

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    Pho Hien to historyczna dzielnica Hung Yen, nowoczesnego miasta przy ujściu Czerwonej rzeki w Wietnamie. W latach 2011- 2012 polscy architekci opracowali dla tej części program rewitalizacji i plan zagospodarowania. Program rewitalizacji miał na celu poprawę warunków mieszkaniowych oraz stworzenia tutaj centrum rekreacyjno - edukacyjnego bazującego na istniejących w mieście zabytkach i przywróceniu historii portu służącego w XVII-XVIII wieku europejskim i chińskim kupcom.Pho Hien is a historic district of Hung Yen, a modern city situated in the mouth of the Red River in Vietnam. In the period of 2011 - 2012, a group of Polish architects prepared a revitalisation programme and a master plan for this district. The revitalisation programme was aimed at improving local housing as well as the creation of a cultural and education centre protecting historical monuments and recalling the historical tradition of the seventeenth and eighteenth century commercial harbour serving European and Chinese merchants
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