有哪些信誉好的足球投注网站- 1、有哪些信誉好的足球投注网站（book118）网站文档一经付费（服务费），不意味着购买了该文档的版权，仅供个人/单位学习、研究之用，不得用于商业用途，未经授权，严禁复制、发行、汇编、翻译或者网络传播等，侵权必究。。
- 2、本站所有内容均由合作方或网友上传，本站不对文档的完整性、权威性及其观点立场正确性做任何保证或承诺！文档内容仅供研究参考，付费前请自行鉴别。如您付费，意味着您自己接受本站规则且自行承担风险，本站不退款、不进行额外附加服务；查看《如何避免下载的几个坑》。如果您已付费下载过本站文档，您可以点击 这里二次下载。
- 3、如文档侵犯商业秘密、侵犯著作权、侵犯人身权等，请点击“版权申诉”（推荐），也可以打举报电话：400-050-0827(电话支持时间：9:00-18:30)。
- 4、该文档为VIP文档，如果想要下载，成为VIP会员后，下载免费。
- 5、成为VIP后，下载本文档将扣除1次下载权益。下载后，不支持退款、换文档。如有疑问请联系我们。
- 6、成为VIP后，您将拥有八大权益，权益包括：VIP文档下载权益、阅读免打扰、文档格式转换、高级专利检索、专属身份标志、高级客服、多端互通、版权登记。
- 7、VIP文档为合作方或网友上传，每下载1次， 网站将根据用户上传文档的质量评分、类型等，对文档贡献者给予高额补贴、流量扶持。如果你也想贡献VIP文档。上传文档
查看更多
Japan’sBankingSystemFromtheBubbleandCrisistoReconstruction
JAPAN’S BANKING SYSTEM: FROM THE BUBBLE AND CRISIS TO RECONSTRUCTION Masahiro Kawai Institute of Social Science University of Tokyo Japan Center for Global Partnership Conference “Macro/Financial Issues and International Economic Relations: Policy Options for Japan and the United States” Tokyo, May 13, 2004 PRESENTATION I. INTRODUCTION II. MACROECONOMIC DEVELOPMENTS AND THE BANKING SECTOR CAUSES OF THE BANKING SECTOR CRISIS AND DIFFICULTIES IMPACT OF BANKING SECTOR DISTRESS POLICY FRAMEWORKS FOR BANK RESTRUCTURING AND ITS PROGRESS CONCLUDING REMARKS I. INTRODUCTION What are the factors behind the recent banking sector difficulty, particularly the 1997-98 systemic crisis, in Japan? Why did the government fail to address the problem early, quickly and decisively? Since the crisis, has the FSA formulated and implemented a comprehensive policy to resolve banking sector problems? Has there been sufficient progress on financial sector and corporate sector restructuring? Is the worst over in the Japanese banking system? Is the banking sector solvent? What are risks? What should be done to transform the Japanese banking system into a competitive market-based system? II. MACROECONOMIC DEVELOPMENTS AND THE BANKIG SECTOR 1. Macroeconomic Performance and Policy Output stagnation (Figure 1) : The average annual growth rate of real GDP was 1.1 percent during the last decade, 1992-2002. Near-zero growth (0.1%) in 1998-2002. In addition, nominal GDP has been more stagnant (-1.2% in 1998-02). Price deflation (Figure 2) : The average annual inflation rates during 1992-2002 were low or negative at 0.2% for CPI and -0.1% for GDP price deflators. The GDP deflator fell in 1995-2002 (except 1997) at 1.0% per year and CPI fell in 1999-2002 at 0.7% per year. High unemployment rate, reaching a peak of 5.5%. Keynesian fiscal spending in 1992-2002, rising from the average size of 32% of GDP in 1991 to 39% in the early 2000s, with a declining fiscal revenue (from 34% of GDP in 1991 to
文档评论（0）