In Search of "Capital Crunch" : Supply Factors Behind the Credit Slowdown in Japan

Supply Factors Behind the Credit Slowdown in Japan

In Search of "Capital Crunch" : Supply Factors Behind the Credit Slowdown in Japan
The seeming failure of loose monetary policy to reactivate Japan's economy has led some observers to suggest that the usual credit channels through which monetary policy affects the real economy are blocked, and this because of a pervasive shortage of bank capital that has induced a leftward shift in the supply of bank credit: the so called... READ MORE...

Publication date: January 1999
ISBN 9781451841886
$15.00

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