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This paper analyses several severe financial crises observed in the history of capitalism which led to a longer period of stagnation or low growth. Comparative case studies of the Great Depression, the Latin American debt crisis of the 1980s and the Japanese crisis of the 1990s and 2000s are...
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In this overview of the Symposium papers, we note that the bubble that occurred in Japan's asset markets in the late … 1980s came at a time when the conventional indicators of Japan's economic performance were relatively stable. Following the … collapse of the bubble, neither the Bank of Japan (BOJ) nor the Ministry of Finance (MOF) took timely and effective measures to …
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