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This work brings together two distinct pieces of evidence concerning, at the macro level, international distributions of incomes and their dynamics, and, at the micro level, the size distributions of firms and the properties of their growth rates. First, our empirical analysis provides a new...
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in Japanese Growth -- 3 Identifying the Shocks: Japan's Economic Performance in the 1990s -- 4 Explaining the Slump in … Japan -- III. The Challenge of Corporate Restructuring -- 8 Financial Reorganization and Corporate Restructuring in Japan … -- 9 Reform of Japan's Insolvency Laws9 Reform of Japan's Insolvency Laws. …
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? And why did it take so long for Japan to recover from the bursting of its asset price bubble of the late 1980s? In this … volume, a team from the International Monetary Fund examines the causes of the lingering economic problems of Japan, the … economy through a series of stimulus packages. This book presents a compelling story about Japan's economy. Its message - that …
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