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
Link To Document :
https://search.isc.ac/dl/search/defaultta.aspx?DTC=10&DC=846435
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