1.

Record Nr.

UNINA9910777657503321

Titolo

Japan's great stagnation : financial and monetary policy lessons for advanced economies / / edited by Michael M. Hutchison and Frank Westermann

Pubbl/distr/stampa

Cambridge, Mass., : MIT Press, ©2006

ISBN

0-262-29211-4

1-282-09821-7

9786612098215

0-262-27598-8

1-4237-9025-1

Descrizione fisica

1 online resource (287 p.)

Collana

CESifo seminar series

Classificazione

83.33

Altri autori (Persone)

HutchisonMichael M

WestermannFrank <1970->

Disciplina

339.50952

Soggetti

Recessions - Japan

Monetary policy - Japan

Finance - Japan

Japan Economic policy 20th century

Japan Economic conditions 20th century

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

Contributors; 1 - The Great Japanese Stagnation: Lessons for Industrial Countries; 2 - Bank Fragility in Japan,  1995 to 2003; 3 - Deposit Insurance, Regulatory Forbearance, and Economic Growth: Implications for the Japanese Banking Crisis; 4 - Determinants of Voluntary Bank Disclosure: Evidence from Japanese Shinkin Banks; 5 - Secondary Bank Lending in Japan; 6 - Monetary Policy in the Great Stagnation; 7 - The Policy Duration Effect under Zero Interest Rates: An Application of Wavelet Analysis

8 - Exchange Rate Passthrough in De.ationary Japan: How Effective Is the Yen's Depreciation for Fighting De.ation?9 - Japan's Imbalance of Payments; Index

Sommario/riassunto

Experts on the Japanese economy examine Japan's prolonged period of



economic underperformance, analyzing the ways in which the financial system, monetary policy, and international financial factors contributed to its onset and duration.