Japanese “Big Bang” deregulation from its start in 1996 to completion in 2001, and the following eight years. On profitability …, we find that the banking sector as a whole did not become more profitable than the pre-deregulation period. Rather, we … see a steady decline in profitability. In addition, the main targets of the deregulation (and the most active in mergers …

The paper analyzes the influence of credit-, labor-, and product market deregulation policies on economic growth in … work finds that deregulation contributed to the per capita GDP levels of the early reformers relatively more than to the … acceleration effect for the late reformers, which points to large dynamic welfare gains from deregulation. The latter result …

-border trade in banking services. The process of deregulation is another element that facilitated the environment in which …