American (LA) countries and the four largest economies in the world (namely the US, the Euro area, Japan and China) over the …

Few papers have tried to project how Chinese monetary policy will behave under flexible exchange rates. As Japan … policy after the shift of Japan from a fixed to a floating exchange rate regime. The econometric estimations allow for regime … soften the appreciation pressure by interest rate cuts have led Japan into the liquidity trap. …

How do financial development and financial integration interact? We focus on Japan’s Great Recession after 1990 to … reference to prefectures’ different historical pathways to financial development. After Japan’s opening to trade in the 19th …, the main export hub for silk, provided silk reelers with trade loans. Many regional banks in Japan were founded as local …

’ energy and climate policy. Japan is one of the biggest emitters of greenhouses gases in the world and still far away from …, we ask what the political reasons for the failure of carbon markets in Japan are and how they can be overcome. We use … Public Choice arguments, but also analyze actual climate policy making in Japan on a case study basis. Thus, on the one hand …

The paper compares the boom-and-bust cycles in Japan and Europe with respect to the reasons for excessive booms, the … characteristics of the crises, and the (potential) effects of the crisis therapies. As in Japan the consequence of expansionary … well as gradual real income losses, the economic policy implication for Japan and Europe is the timely exit from the …