Title of article
Non-performingloans,prospectivebailouts,andJapan’sslowdown
Author/Authors
Levon Barseghyan، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2010
Pages
18
From page
873
To page
890
Abstract
The delayinthegovernmentbailoutofthefinancialsectorplayedakeyroleinJapan’s
slowdownduringthe1990sandearly2000s.Thisargumentisarticulatedinageneral
equilibriummodelinwhichthegovernmentprovidesdepositinsurancetothefinancial
sector.Theexistenceofnon-performingloans,combinedwithadelayinthebailout,
leadstoapersistentdeclineineconomicactivity.ConsistentwithJapan’sexperience,
the declineinoutputiscausednotonlybyafallininvestment,butalsobyadeclinein
labor andtotalfactorproductivity
Journal title
Journal of Monetary Economics
Serial Year
2010
Journal title
Journal of Monetary Economics
Record number
846435
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