prices of East Asian economies including China, Japan, Hong Kong, South Korea, and Taiwan. We find significant and positive …

, Germany, Japan, India, Italy, the Netherlands, Sweden, the United Kingdom, and the United States. Together, the studies …

, highlighting the experience of Japan. By a host of criteria, Japan appeared to be in a stronger position than most countries at the …. However, Japan followed a clear international boom-and-bust pattern in terms of real output growth, credit growth and stock … macroeconomic variables and institutional characteristics. The model predicts a high probability of banking sector distress in Japan …

examine the effect of capital flows on the transmission of stagnation. In a world with a low natural rate of interest, greater …

$/yen exchange rate from December 1931 to November 1933 is analyzed. Japan's decision to go off gold in December 1931 … depreciated yen by 30% in a month, mostly in the Tokyo market. During 1932, the yen depreciated another 30%, mainly due to Japan … exchange rate for the period considered. There were no policy decisions by Japan to cause yen depreciation to promote export …

over the last two decades, but it was still, in 1990, only about 7 percent of world output. The share was higher, at 15 …,' which are about 60 percent of world output. Given all the attention that 'globalization' has received from scholars …