[eng] The process of the 1997-98 major financial crisis in Japan : Politics responsability & the design of Financial Regulation under stress . This paper is studying the solvency deterioration process of Japanese financial institutions during the major systemic crisis that occurred between...

Depuis le debut des annees quatre-vingt-dix, l'eclatement de la bulle financiere puis la deflation confrontent les assurances-vie japonaise a un effet de ciseaux : alors que les rendements de leurs actifs diminuent, elles continuent d'offrir aux assures les remunerations elevees de la periode...