Series: IMF Working Papers
Author(s): Papa N'Diaye
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 December 2010
Keywords: Plaza accord, asset bubble, and growth rebalancing, deposit rates, financial liberalization, domestic demand, financial system, bonds, Saving, Employment
China is poised on the brink of a transition to a service-based economy. The Japanese experience of the 1980s provides several insights about the way to manage such a transition and the downsides to avoid. In parti...