Japan's Lessons for Managing the Crisis  

Oleh:

Benes, Nicholas

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Far Eastern Economic Review vol. 171 no. 8 (Oct. 2008), page 20-24.
Topik: Crisis; Management; United States; Japan

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: FF21.21 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

It is now obvious that bankers and regulators in the United States made major errors in recent years by not reining in financial leverage as well as myths that real-estate prices never fall. Seen from Tokyo, the U.S. mass delusion seems like a horrible replay of Japan’s own bubble in the latter half of the 1980s—we’re witnessing the aftermath of the same sort of real-estate lending boom, with a few minor differences: This one was inflated using securitization and derivatives, the more complicated U.S. way; due to the newfangled mortgage loans, more homeowners may get hurt; and a lot of U.S. investment bankers got rich along the way.

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