growing gap between deposits above lending and has compressed interest margins as the traditional source of bank's income …

growing gap between deposits above lending and has compressed interest margins as the traditional source of bank's income …

Japan experienced a boom-and-bust cycle in the real estate and stock markets almost 20 years earlier than Europe. Since … institutions. Japan reached a low interest rate environment in the mid 1990s and has accumulated an exceptionally high level of … public debt during more than two decades of economic stagnation. This paper compares the boom-and-bust cycles in Japan and …

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 …

Japan hat nicht nur 15 Jahre vor Europa einen Boom-und-Krisen-Zyklus durchschritten, sondern auch wichtige Erfahrungen … gemacht. Japan hat die Nullzinsgrenze bereits 1999 erreicht und eine Staatsverschuldung in Rekordhöhe angehäuft. Das Papier … vergleicht die Boom-und- Krisen-Zyklen in Japan und Europa hinsichtlich der Ursachen, des Krisenverlaufs, der Krisentherapien und …