001439968 000__ 04589cam\a2200589\i\4500 001439968 001__ 1439968 001439968 003__ OCoLC 001439968 005__ 20230309004533.0 001439968 006__ m\\\\\o\\d\\\\\\\\ 001439968 007__ cr\un\nnnunnun 001439968 008__ 210929s2021\\\\si\a\\\\ob\\\\000\0\eng\d 001439968 019__ $$a1269616522$$a1273000569$$a1273431673 001439968 020__ $$a9789811373572$$q(electronic bk.) 001439968 020__ $$a9811373574$$q(electronic bk.) 001439968 020__ $$z9789811373565 001439968 020__ $$z9811373566 001439968 0247_ $$a10.1007/978-981-13-7357-2$$2doi 001439968 035__ $$aSP(OCoLC)1269480260 001439968 040__ $$aYDX$$beng$$erda$$epn$$cYDX$$dGW5XE$$dEBLCP$$dFIE$$dOCLCF$$dUKAHL$$dOCLCO$$dOCLCQ$$dCOM$$dN$T$$dOCLCQ 001439968 043__ $$aa-ja--- 001439968 049__ $$aISEA 001439968 050_4 $$aHC462.8$$b.S55 2021 001439968 08204 $$a330.952/043$$223 001439968 1001_ $$aShizume, Masato,$$eauthor. 001439968 24514 $$aThe Japanese economy during the Great Depression :$$bthe emergence of macroeconomic policy in a small and open economy, 1931-1936 /$$cMasato Shizume. 001439968 264_1 $$aSingapore :$$bSpringer,$$c[2021] 001439968 264_4 $$c©2021 001439968 300__ $$a1 online resource :$$billustrations (chiefly color) 001439968 336__ $$atext$$btxt$$2rdacontent 001439968 337__ $$acomputer$$bc$$2rdamedia 001439968 338__ $$aonline resource$$bcr$$2rdacarrier 001439968 4901_ $$aStudies in economic history,$$x2364-1800 001439968 504__ $$aIncludes bibliographical references. 001439968 5050_ $$aIntroduction: Takahashi Korekiyo, the Man Who Brought Japan Out of the Great Depression -- Japan's Plunge into and Emergence from the Great Depression -- Policy Innovation in the Great Depression -- Sustainability of Public Debt under Stress -- Origins of the Economic Ideas of Takahashi Korekiyo -- Conclusion: Lessons for Today from Takahashi Korekiyo's Policies. 001439968 506__ $$aAccess limited to authorized users. 001439968 520__ $$aThis book provides a systematic explanation of a remarkable policy innovation in an emerging economy in the modern world. In doing so, it highlights the nature of the Japanese economy during the interwar period. It offers a canonical case study for an international macroeconomic policy of a small and open economy. Readers can draw lessons from the Japanese experience in the 1930s, recalling what kinds of challenges policymakers faced in a crisis situation, what they can do, and what they should not do. As a whole, it is a novel reference both for scholars in economic history and international economics and for policymakers all over the world. A comprehensive and clear-cut picture of the Japanese economy during the Great Depression in the 1930s is presented, including the policy innovations brought about by an iconoclastic finance minister, Korekiyo Takahashi, at that time. To this end, the book integrates the narrative analysis based on newly available archival documents and the quantitative analysis based on newly constructed macroeconomic data and contemporary econometric methodologies. This work shows how Japan escaped from the depression in its early stage. It illustrates a transmission mechanism of the macroeconomic stimulus package of currency depreciation, easy money, and fiscal expansion. As well, it argues that the key for economic recovery was currency depreciation and that expectations played a pivotal role in ending deflation and kick-starting economic recovery. Also contained here is an exploration of politico-economic interaction in the shaping of economic policy and the long-term consequences of policy actions such as departure from the gold standard and initiation of the government debt finance by the central bank. It is shown that the collapse of the international gold standard and the lack of governance of military spending resulted in a loss of fiscal discipline in the long run. 001439968 588__ $$aOnline resource; title from PDF title page (SpringerLink, viewed October 7, 2021). 001439968 650_0 $$aDepressions$$y1929. 001439968 650_6 $$aCrises économiques$$y1929. 001439968 651_0 $$aJapan$$xEconomic conditions$$y1918-1945. 001439968 651_0 $$aJapan$$xEconomic policy$$y1918-1945. 001439968 651_6 $$aJapon$$xConditions économiques$$y1918-1945. 001439968 651_6 $$aJapon$$xPolitique économique$$y1918-1945. 001439968 655_0 $$aElectronic books. 001439968 77608 $$iPrint version:$$aShizume, Masato.$$tJapanese economy during the Great Depression.$$dSingapore : Springer, [2021]$$z9811373566$$z9789811373565$$w(OCoLC)1088315774 001439968 830_0 $$aStudies in economic history.$$x2364-1800 001439968 852__ $$bebk 001439968 85640 $$3Springer Nature$$uhttps://univsouthin.idm.oclc.org/login?url=https://link.springer.com/10.1007/978-981-13-7357-2$$zOnline Access$$91397441.1 001439968 909CO $$ooai:library.usi.edu:1439968$$pGLOBAL_SET 001439968 980__ $$aBIB 001439968 980__ $$aEBOOK 001439968 982__ $$aEbook 001439968 983__ $$aOnline 001439968 994__ $$a92$$bISE