平成金融危機についての若干の覚え書(共同研究 : 現代の金融・証券市場構造)

Already a decade has passed since the Heisei economic depression began in Japan, and the nation has not yet succeeded in pulling the economy out of its slump. Behind this serious situation is the fact that, since the global transition into the floating rate system in 1973, financial crises have arisen all over the world, in both developed and emerging countries. Financial crises can be divided into two categories: currency crises and banking crises. The International Monetary Fund (IMF) has been conducting a study of 53 developed and emerging nations, comparing the economies of each country with those of nations at the same level of economic development. Looking at data from 1975 to the present, the IMF has analyzed how frequently each country has been in crisis, the duration of each crisis, and the cost (escape loss against outturn) involved in pulling the country out of it. This paper looks at the data collected by the IMF study and compares the information to the same type of data from Japan. From the results of the comparison, it can be inferred that Japan\u27s financial crisis is the most severe and the longest in duration. Finally, this paper examines the reasons the Heisei financial crisis has become worse and attempts to provide an in-depth explanation of the worsening of the crisis