Policy Essay Examples Page 22

Case Analysis In 1989 Japan was widely viewed as an economic super-power. After three decades of robust economic growth it had risen to become the world’s second-largest economy. Japanese companies seemed to be obliterating entire American industries, from automobiles and semiconductors to earthmoving equipment and consumer electronics. Japanese companies were buying assets in the United…

The soaring volume of international finance and increased interdependence in recent decades have increased concerns about volatility and threats of a financial crisis. This has led many to investigate and analyze the origins, transmission, effects, and policies aimed at impeding financial instability. This paper argues that financial liberalization and speculation are the most reflective explanations…