The Big Bang: Idea and Reality
The Big Bang: Idea and Reality
复制标题
大爆炸:理念与现实
DOI:
10.1007/978-1-4615-4395-4_9
复制
发表时间:
2000
期刊:
影响因子:
--
通讯作者:
A. Horiuchi
中科院分区:
文献类型:
--
作者:
A. Horiuchi
The Japanese financial system has been obsessed by the nonperforming loan problem since the beginning of the 1990s. The government failed to deal with the problem quickly, and thereby made the situation progressively worse. Ultimately, it was necessary to deal with the problem as an emergency and inject public funds into banks as additional capital in order to regain stability in the Japanese financial system. It is widely believed that regaining financial stability is a prerequisite for recovery of the Japanese economy (Horiuchi 1999a; Hoshi and Kashyap 1999).