Detail Japanese Lessons; The Global Crash   Oleh:  [s.n] Jenis: Article from Bulletin/Magazine Dalam koleksi: The Economist (http://search.proquest.com/) vol. 404 no. 8796 (Aug. 2012), page 56-58. Topik: Debt; Economic Crisis; Eurozone; International Comparisons Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.73 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel Five years ago, things looked rosy. In the first week of August 2007 forecasts by investors and major central banks predicted growth rates of 2-3% in America and Europe. But on August 9th 2007 everything changed. A French bank, BNP Paribas, announced big losses on subprime-mortgage investments. The same day, the European Central Bank (ECB) was forced to inject EUR 95 billion ($130 billion at the time) of emergency liquidity. The crisis had begun. During the first year, policymakers looked to Japan as a guide, or rather a warning. Japan's debt bubble had caused a "lost decade", from 1991 to 2001. Analysts commonly drew three lessons. To avoid Japanese-style stagnation it was vital, first, to act fast; second, to clean up battered balance-sheets; and, third, to provide a bold economic stimulus. If Japan is taken as the yardstick, America and Britain have a mixed record. The euro area looks as if it might be turning Japanese. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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