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- catalog abstract ""In this groundbreaking book, leading international economist, Richard Koo argues that far from being the sick man of Asia, Japan is suffering from a temporary but highly unusual economic aberration." "Balance Sheet Recession argues that contrary to popular belief, it is this massive shift in corporate behavior, instead of structural problems, that is the root cause of both the deflation and the non-performing loan problems that have troubled Japan for so long. It argues that when the causality runs from the corporate balance sheet problems to deflation and banking problems, a highly unconventional policy response is needed to stabilize the economy. After all, the last time anything similar has happened was the 1930s in the US."--Jacket.".
- catalog contributor b13005005.
- catalog coverage "Japan Economic conditions 1989-".
- catalog created "2003.".
- catalog date "2003".
- catalog date "2003.".
- catalog dateCopyrighted "2003.".
- catalog description ""In this groundbreaking book, leading international economist, Richard Koo argues that far from being the sick man of Asia, Japan is suffering from a temporary but highly unusual economic aberration." "Balance Sheet Recession argues that contrary to popular belief, it is this massive shift in corporate behavior, instead of structural problems, that is the root cause of both the deflation and the non-performing loan problems that have troubled Japan for so long. It argues that when the causality runs from the corporate balance sheet problems to deflation and banking problems, a highly unconventional policy response is needed to stabilize the economy. After all, the last time anything similar has happened was the 1930s in the US."--Jacket.".
- catalog description "Includes bibliographical references and index.".
- catalog extent "xiv, 284 p. :".
- catalog hasFormat "Balance sheet recession.".
- catalog identifier "0470821167".
- catalog isFormatOf "Balance sheet recession.".
- catalog issued "2003".
- catalog issued "2003.".
- catalog language "eng".
- catalog publisher "Singapore : John Wiley & Sons (Asia),".
- catalog relation "Balance sheet recession.".
- catalog spatial "Japan Economic conditions 1989-".
- catalog subject "330.952 22".
- catalog subject "HC462.95 .K666 2003".
- catalog title "Balance sheet recession : Japan's struggle with uncharted economics and its global implications / Richard C. Koo.".
- catalog type "text".