1.

Record Nr.

UNINA9910779270203321

Autore

Bayoumi Tamim

Titolo

Post-Bubble Blues : : How Japan Responded to Asset Price Collapse / / Tamim Bayoumi, Charles Collyns

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2000

ISBN

1-4623-2196-8

1-4552-2253-4

1-283-53538-6

9786613847836

1-4552-3355-2

Descrizione fisica

1 online resource (236 p.)

Altri autori (Persone)

CollynsCharles

Disciplina

330.952/049

Soggetti

Stocks - Prices - Japan

Financial crises - Japan

Monetary policy - Japan

Investments: General

Macroeconomics

Money and Monetary Policy

Public Finance

Production and Operations Management

Macroeconomics: Production

Monetary Policy, Central Banking, and the Supply of Money and Credit: General

Investment

Capital

Intangible Capital

Capacity

Taxation, Subsidies, and Revenue: General

Price Level

Inflation

Deflation

Public finance & taxation

Monetary economics

Finance

Banking

Property & real estate

Private investment

Bank credit



Potential output

Output gap

Asset prices

National accounts

Money

Production

Prices

Economic theory

Saving and investment

Credit

Revenue

Japan Economic conditions 1989-

Japan

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 at the end of each chapters.

Nota di contenuto

""Contents""; ""Preface""; ""1 Overview""; ""I. Explaining the 1990's""; ""2 The Morning After: Explaining the Slowdown in Japanese Growth""; ""3 Identifying the Shocks: Japan's Economic Performance in the 1990's""; ""4 Explaining the Slump in Japanese Business Investment""; ""5 Where Are We Going? The Output Gap and Potential Growth""; ""II. Financial and Fiscal Transmission Mechanisms""; ""6 Too Much of a Good Thing? The Effectiveness of Fiscal Stimulus""; ""7 Monetary Policy Transmission in Japan""; ""III. The Challenge of Corporate Restructuring""

""8 Financial Reorganization and Corporate Restructuring in Japan""""9 Reform of Japan's Insolvency Laws 9 Reform of Japan's Insolvency Laws""

Sommario/riassunto

What caused Asia's largest economy, once the envy of the world, to lag behind many of the other industrial countries? And why did it take so long for Japan to recover from the bursting of its asset price bubble of the late 1980s? In this volume, a team from the International Monetary Fund examines the causes of the lingering economic problems of Japan, the crisis in its banking system, the reasons for weak business investment, and the government's efforts to kick-start the economy through a series of stimulus packages. This book presents a compelling story about Japan's economy. Its message - that banking reform and corporate restructuring are central to any sustained revival of the economy- is backed up through detailed background research. This research provided the analytical framework for the IMF's policy advice during a period of rapid change--a period during which macroeconomic policymaking moved into uncharted territory. The research papers were prepared by members of the Japan team in the IMF during 1998 and the first half of 1999.