- Data from 135 countries covering five decades suggests that creditless recoveries, in which the stock of real credit does not return to the pre-crisis level for three years after the GDP trough, are not rare and are characterised by remarkable real GDP growth rates: 4.7 percent per year in...

After experiencing spectacular economic growth and industrial development for much of the postwar era, Japan plunged abruptly into recession in the early 1990s and since then has suffered a prolonged period of economic stagnation, from which it is only now emerging. Japan's malaise, marked by...

East Asia in the wake of the financial crisis / Andrew MacIntyre, T.J. Pempel, and John Ravenhill -- After the fall : East Asian exchange rates since the crisis / Benjamin J. Cohen -- Banking systems a decade after the crisis / Natasha Hamilton-Hart -- Containing the oligarchs : the politics of...