Japan s Financial Crisis and Its Parallels to U S Experience is popular PDF and ePub book, written by Ryōichi Mikitani in 2000, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Japan s Financial Crisis and Its Parallels to U S Experience can be Read Online from any device for your convenience.
Japan s Financial Crisis and Its Parallels to U S Experience Book PDF Summary
Japan is only one of many industrialized economies to suffer a financial crisis in the past 15 years, but it has suffered the most from its crisis--as measured in lost output and investment opportunities, and in the direct costs of clean-up. Comparing the response of Japanese policy in the 1990s to that of US monetary and financial policy to the American Savings and Loan Crisis of the late 1980s sheds light on the reasons for this outcome. This volume was created by bringing together several leading academics from the United States and Japan--plus former senior policymakers from both countries--to discuss the challenges to Japanese financial and monetary policy in the 1990s. The papers address in turn both the monetary and financial aspects of the crisis, and the discussants bring together broad themes across the two countries' experiences. As the papers in this Special Report demonstrate, while the Japanese government's policy response to its banking crisis in the 1990s was slow in comparison to that of the US government a decade earlier, the underlying dynamics were similar. A combination of mismanaged partial deregulation and regulatory forebearance gave rise to the crisis and allowed it to deepen, and only the closure of some banks and injection of new capital into others began the resolution. The Bank of Japan's monetary policy from the late 1980s onward, however, was increasingly out of step with US or other developed country norms. In particular, the Bank of Japan's limited response to deflation after being granted independence in 1998 stands out as a dangerous and unusual stance.
Detail Book of Japan s Financial Crisis and Its Parallels to U S Experience PDF
- Author : Ryōichi Mikitani
- Release : 01 October 2024
- Publisher : Peterson Institute
- ISBN : 088132289X
- Genre : Business & Economics
- Total Page : 256 pages
- Language : English
- PDF File Size : 15,5 Mb
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