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The political economy of Japanese monetary policy

Author: Thomas F Cargill; Michael M Hutchinson; Takatoshi Ito
Publisher: Cambridge, Mass. : MIT Press, ©1997.
Edition/Format:   Print book : EnglishView all editions and formats
Summary:

Investigates the formulation and execution of monetary and financial policies in Japan within a broad technical, political, and institutional context. The text focuses on the period since the  Read more...

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Document Type: Book
All Authors / Contributors: Thomas F Cargill; Michael M Hutchinson; Takatoshi Ito
ISBN: 0262032473 9780262032476
OCLC Number: 502984085
Description: 236 p
Contents: The evolution of central banking in Japan, up to the 1950s; phases of Japan's monetary-policy experience; exchange rates, policy co-ordination, and a Yen currency area; the bubble economy and its collapse; asset-price deflation - nonperforming loans, Jusen companies and regulatory inertia; elections, monetary policy and political business cycles; inflation, time inconsistency and central-bank indepedence.
Responsibility: Thomas F. Cargill, Michael M. Hutchison, Takatoshi Ito.

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"Monetary policy in Japan, through the years of rapid growth, the 'bubble economy,' the Japanese banking crisis, and now a weak economy but with virtual price stability, is one of the most Read more...

 
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