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Contained crisis and socialized risk: Unconventional monetary policy by the Bank of Japan in the 1890s

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1 Published in 2017 at "Research in International Business and Finance"

DOI: 10.1016/j.ribaf.2017.01.008

Abstract: In the 1880s, Japan experienced its first stock investment boom, which was highly leveraged by the banking sector. In 1890, its first financial crisis occurred and triggered a de-leveraging process. With a high lower bound… read more here.

Keywords: bank japan; risk; policy; contained crisis ... See more keywords