Research Report
The meanings of the research on the “Exit Strategy” are the researches on ① the cause and effect of the global financial crisis, ② the trend of the financial stability of capital market in G20 countries, ③ the support and the action of the Government, ④ the legislation of the policy. That meaning is the seeking to reasonableness of the regulation in financial system. At the same time, the subject of the this report is that the regulations in financial system of regions and G20 countries are surveyed individually, and the international cooperative action against the global financial crisis. Now, the remarkable issue is “the Exit Strategy after Global Financial Crisis” in G20 Summit. Two issues in “Exit Strategy” are ① the timing in exit Strategy, ② the financial stability of capital market after exit Strategy. The distinguished character of the “Exit Strategy” is that there is differences in the timing of the “Exit Strategy” between countries. This difference results from the speed of the economic recovery in each countries. These two issues are discussed differently and separately in G20 countries. Especially, many countries have considered the situations of themselves and developed the distinguishing policy and legislation. G20 Countries differentiate each other from the timing and methods in “Exit Strategy” and take advantage of the interest rate reconciliation by central bank. We need the research on the validity of these policy and legislation, and review the efficiency of financial regulation reform, and the flexibility of financial regulation.