The Stagnant Japanese Economy in the 1990s: The Need For Financial Supervision to Restore Sustained Growth
In the 1990s the dream economy that had impressed the world and brought Japan to the forefront of the advanced economies has become more like a nightmare. What went wrong? What will lift the Japanese economy from stagnation? These are questions addressed in this chapter. In answering them, I also consider the inter-relationship between Japan and the Asian economies, and the parallels between them.
KeywordsMonetary Policy Financial Institution Nonperforming Loan Interbank Market Credit Crunch
Unable to display preview. Download preview PDF.
- Cargill, Thomas, Michael Hutchison, and Takatoshi Ito, 1997. The Political Economy of Japanese Monetary Policy. MIT Press.Google Scholar
- Goldstein, Morris. 1997. The Case for an International Banking Standard. Institute of International Economics.Google Scholar
- Institute of Global Financial Studies, Foundation for Advanced Information and Research. 1998 July. Banking Systems in Asia. The Committee of Financial Technical Assistance in Asia.Google Scholar
- Ito, Takatoshi. 1998. “The Development of Thailand Currency Crisis: A Chronological Review.” Journal of Research Institute for International Investment and Development. 24(9): 66–93.Google Scholar
- Ito, Takatoshi and Yuri Nagataki Sasaki. 1998 Sep. “Impacts of the Basle Capital Standard on Japanese Banks’ Behavior.” National Bureau of Economic Research, working paper.Google Scholar
- Kaminsky, Graciela and Carmen Reinhart. 1999. “The Twin Crises: The Causes of Banking and Balance of Payments Problems.” American Economic Review 89(3) (Jun).Google Scholar