DealBook: In Europe, Parallels to Japan's 'Lost Decade'

By iMFdirect: By Christoph Rosenberg and Christoph Klingen Some hangovers take more than a good night's sleep to get over. It's been three years since the global economic crisis put an abrupt end to emerging Europe's credit boom, but neither lenders nor borrowers are in much of a party mood. One key reason: many of the loans so readily dished out before the crisis have now gone sour.

Tim Iacono submits: In this New York Times commentary, Paul Krugman leads what will soon be a veritable gaggle of economists in lamenting the coming lost decade, one that could have been avoided if the government and central bank had only borrowed and pri

By Edgar Ambartsoumian:Why are analysts so confident that Japan's "Lost Decade" scenario won't happen to us? During 1990s, Japan's economic expansion came to a total halt. The country fell into a long period of stagnation: relatively high unemployment rates with low interest rates and GDP growth.

By Investment U: By Ryan Fitzwater According to the International Monetary Fund Managing Director Christine Lagarde, unless nations work together to encourage growth, we risk another “lost decade” for the global economy.

By Brian Rezny: It was Christmas Day, 1989, when the Bank of Japan raised the benchmark interest rate to 4.25%. The move was supposed to prevent an asset bubble and curb inflation. The result: the market crashed, the economy stagnated, and a debt crisis ensued. And in the more than 20 years since then, little has changed. Japan has struggled through over two decades of weak growth and deflation. And the Nikkei index is still down something like 80% from its peak in 1989.