@article{oai:shiga-u.repo.nii.ac.jp:00008261,
 author = {二宮, 健史郎},
 issue = {第394号},
 journal = {彦根論叢},
 month = {Dec},
 note = {Departmental Bulletin Paper, As mainstream economics consisted of neoclassical theories focused on market mechanisms, structural reforms were implemented to the actual system to shape a marketoriented economy. However, in 2007 the US subprime mortgage debacle set off a global financial crisis, and the world economy has been
suffering from a sense of uncertainty ever since,
unable to regain confidence even today in 2012.
With the fiscal rigidity from the accumulation
of government debt and ongoing zerointerest-rate policy, it has become difficult to implement fiscal and monetary policies in a timely and effective manner, and conventional fiscal and monetary policies have their limitations as economic stimulus measures. Marketoriented economic reforms to make the economy more efficient failed to meet expectations, and though two decades have passed since the economic bubble burst in Japan it cannot be denied people still remain disillusioned with the results.
The main objective of this paper is to reconsider
the theories of financial recession and crisis by examining aspects including the real economy based on my past theoretical studies on financial instability and to present a solution to break free from this current situation of stagnation., 彦根論叢, 第394号, pp. 102-117, The Hikone Ronso, No.394, pp. 102-117},
 pages = {102--117},
 title = {金融危機と金融恐慌 : 再論},
 year = {2012}
}