Japan's dramatic transformation from economic success to economic stagnation offers important policy lessons to advanced countries everywhere that are struggling with stagnation. The term 'Japanization' is often used by economists to describe long-term stagnation and deflation. Symptoms include...

Cover Page -- Title Page -- Copyright Page -- Contents -- Foreword -- Acronyms and Abbreviations -- 1 Abenomics: From the Lost Decade to the Three Arrows -- 2 Abenomics: Lessons Learned from Two Decades of Conventional and Unconventional Monetary Policies -- 3 Can Abenomics Overcome the...

Opening its doors: India's emergence on the global stage - Jerald Schiff -- - Is economic growth leaving some states behind? - Catriona Purfield -- - Trade and financial openness - Renu Kohli and Michael Wattleworth -- - Maintaining competitiveness in the global economoy - Catriona Purfield -- -...

The IMF MULTIMOD model is used to trace the economic impact of a 20 percent reduction in world military expenditures. GDP falls in the short run, however private consumption and investment rise, leading to an increase in GDP in the medium and long run. The estimated gains to economic welfare are...

The decline in military spending that began in the mid-1980s continued through 1995, and this decline was widespread both geographically and by level of development. Cuts in military spending appear to have potentially important implications for nonmilitary spending and fiscal adjustment. In...

The end of the Cold War has ushered in significant changes in worldwide military spending. This paper finds that the easing of (1) international tensions, (2) regional tensions, and (3) the existence of IMF-supported programs are related to lower military spending and a higher share of...

Cover -- Contents -- Foreword -- Contributors -- Part I: The Structure of Finance in Asia -- 1 Introduction -- 2 A Bird's-Eye View of Finance in Asia -- 3 Are There Crouching Tigers and Hidden Dragons in Asia's Stock Markets? -- 4 Bond Markets: Are Recent Reforms Working? -- Part II: Where Is...