Zombie Lending and Depressed Restructuring in Japan
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In this paper, we propose a bank-based explanation for the decade-long Japanese slowdown following the asset price collapse in the early 1990s. We start with the well-known observation that most large Japanese banks were only able to comply with capital standards because regulators were lax in their
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美国国家经济研究局创建时间：
2006-04-01
