Title
Balance Sheet Recession: Japan'S Struggle With Uncharted Economics And Its Global Implications,New
Delivery time: 8-12 business days (International)
In This Groundbreaking Book, Leading International Economist, Richard Koo Argues That Far From Being The Sick Man Of Asia, Japan Is Suffering From A Temporary But Highly Unusual Economic Aberration.Economists And Business Commentators Have Always Assumed That The Majority Of Companies In Any Economy Are Forward Looking And Are Trying To Maximize Profits. They Never Considered The Possibility That A Vast Majority Of Companies May Be Placing Their Highest Priorities On Minimizing Debt In Order To Repair Their Balance Sheets. But That Remote Possibility Has Been The Reality In Japan For The Past Decade, And More Recently In Many Other Countries Including At Least A Part Of The Us.Balance Sheet Recession Argues That Contrary To Popular Belief, It Is This Massive Shift In Corporate Behavior, Instead Of Structural Problems, That Is The Root Cause Of Both The Deflation And The Nonperforming Loan Problems That Have Troubled Japan For So Long. It Argues That When The Causality Runs From The Corporate Balance Sheet Problems To Deflation And Banking Problems, A Highly Unconventional Policy Response Is Needed To Stabilize The Economy. After All, The Last Time Anything Similar Has Happened Was The 1930S In The Us.Richard Koo'S Experience In Dealing With Both The Us Banking Crisis Of The Early 1980S And The Japanese Balance Sheet And Banking Problems Of The Last Ten Years Makes Him Unique Qualified To Comment On This Situation. He Clearly Explains How Such A Recession Can Happen In Any Economy Following An Asset Price Bubble, And How Best To Deal With It.
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We ship your order within 2–3 business days for USA deliveries and 5–8 business days for international shipments. Once your package has been dispatched from our warehouse, you'll receive an email confirmation with a tracking number, allowing you to track the status of your delivery.
Returns
To facilitate a smooth return process, a Return Authorization (RA) Number is required for all returns. Returns without a valid RA number will be declined and may incur additional fees. You can request an RA number within 15 days of the original delivery date. For more details, please refer to our Return & Refund Policy page.
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Warranty
We provide a 2-year limited warranty, from the date of purchase for all our products.
If you believe you have received a defective product, or are experiencing any problems with your product, please contact us.
This warranty strictly does not cover damages that arose from negligence, misuse, wear and tear, or not in accordance with product instructions (dropping the product, etc.).
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Frequently Asked Questions
- Q: What is the main argument of 'Balance Sheet Recession'? A: The book argues that Japan's economic struggles are due to companies prioritizing debt minimization over profit maximization, which has led to deflation and banking issues.
- Q: Who is the author of this book? A: The author is Richard Koo, a leading international economist known for his insights on economic behavior during crises.
- Q: What type of binding does this book have? A: This book is available in hardcover binding.
- Q: How many pages does 'Balance Sheet Recession' have? A: The book consists of 280 pages.
- Q: When was 'Balance Sheet Recession' published? A: The book was published on October 24, 2003.
- Q: What are the key themes discussed in the book? A: Key themes include corporate behavior during economic downturns, the impact of balance sheet issues on deflation, and unconventional policy responses needed to stabilize economies.
- Q: Is this book suitable for individuals without an economics background? A: Yes, while it provides in-depth analysis, Richard Koo explains concepts clearly, making it accessible to readers without a strong economics background.
- Q: What is the condition of the book? A: The book is listed in Mint condition.
- Q: Does this book provide solutions for economic recovery? A: Yes, it discusses how to address balance sheet recessions and suggests policy responses to stabilize economies.
- Q: Are there any notable reviews or endorsements for this book? A: Many readers and economists have praised the book for its unique insights into corporate behavior and economic policy, particularly in the context of Japan's economic situation.