Post-Bubble Blues: How Japan Responded to Asset Price Collapse
Post-Bubble Blues: How Japan Responded to Asset Price Collapse
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后泡沫时期的忧郁：日本如何应对资产价格暴跌
DOI：
10.5089/9781557758729.071
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发表时间：
2000
期刊：
影响因子：
--
通讯作者：
C. Collyns
中科院分区：
文献类型：
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作者：
Tamim A. Bayoumi;C. Collyns
是什么原因导致这个曾经令世界羡慕的亚洲最大经济体落后于许多其他工业国家？为什么日本花了这么长时间才从20世纪80年代末的资产价格泡沫破裂中恢复过来？在本书中，来自国际货币基金组织（IMF）的研究小组分析了日本经济问题挥之不去的原因、银行体系的危机、企业投资疲软的原因，以及政府通过一系列刺激计划来启动经济的努力。这本书讲述了一个关于日本经济的令人信服的故事。它所传达的信息--银行业改革和企业重组是任何经济持续复苏的核心--得到了详细的背景研究的支持。这项研究为货币基金组织在快速变化时期-宏观经济决策进入未知领域的时期-提供了政策咨询的分析框架。这些研究文件是由货币基金组织日本小组的成员在1998年和1999年上半年编写的。
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.