We survey three distinct types of financial crises which took place in the 1990s and the 2000s: (i) The credit implosion leading to severe banking crisis in Japan, (ii) The foreign reserves’ meltdown triggered by foreign hot money flight from frothy economies with fixed exchange rate regimes...

"We survey three distinct types of financial crises which took place in the 1990s and the 2000s: 1) the credit implosion leading to severe banking crisis in Japan; 2) The foreign reserves' meltdown triggered by foreign hot money flight from frothy economies with fixed exchange rate regimes of...

The Japanese economy has continued to grow, albeit at a low rate, through the drastic changes in the Japanese economic system. The global crisis has seriously affected the Japanese economy, despite it causing only slight damage to the banking sector. The current global economic crisis will have...