Financial Sector Profitability and Double-Gearing
Published Date
Copyright 2003
ISBN 0226060217
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Copy CitationMitsuhiro Fukao, Structural Impediments to Growth in Japan (University of Chicago Press, 2003), chap. 1, https://www.nber.org/books-and-chapters/structural-impediments-growth-japan/financial-sector-profitability-and-double-gearing.
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Published From Paper
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Working Paper
In this paper, I show that Japan will not be able to have a viable banking sector without stopping deflation. The...
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