Risk And Securitization In Japan

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Risk and Securitization in Japan

Author : Piers R. Williamson
Publisher : Routledge
Page : 252 pages
File Size : 51,5 Mb
Release : 2013-11-26
Category : Political Science
ISBN : 9781135088996

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Risk and Securitization in Japan by Piers R. Williamson Pdf

Since the early 1990s, there has been an emphasis in international relations theory on the shift from a Cold War rationality of ‘threat’, to a post-Cold War rationality of ‘risk’. However, in Risk and Securitization in Japan, 1945-1960, Piers R. Williamson argues that this assumption of a shift in rationality stems from a fundamental failure to distinguish between the concepts of threat and risk. By clarifying the concepts of threat and risk, this book challenges the prevailing hypothesis of a shift from threat to risk with the end of the Cold War, and in doing so presents a new explanatory model of risk that can be applied to Japan and elsewhere. In turn, it proposes that a full comprehension of the concept of risk can generate new understandings of political processes that would otherwise remain obscured. Williamson demonstrates how this can be done, proffering a new perspective on Japanese security discourse, especially the controversy between, on the one hand, early Japanese governments, prime ministers, Diet members, and those Japanese who drafted the Japanese proposal for the new constitution, and, on the other hand, intellectuals, peace movement activists, proponents of unarmed neutrality and the US-Japan security treaty. Including extensive archival material in the form of speeches, public statements and government documents, this book will be of huge interest to students and scholars of Japanese politics, international relations and history alike.

Risk and Securitization in Japan

Author : Piers R. Williamson
Publisher : Routledge
Page : 291 pages
File Size : 40,9 Mb
Release : 2013-11-26
Category : Political Science
ISBN : 9781135088989

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Risk and Securitization in Japan by Piers R. Williamson Pdf

Since the early 1990s, there has been an emphasis in international relations theory on the shift from a Cold War rationality of ‘threat’, to a post-Cold War rationality of ‘risk’. However, in Risk and Securitization in Japan, 1945-1960, Piers R. Williamson argues that this assumption of a shift in rationality stems from a fundamental failure to distinguish between the concepts of threat and risk. By clarifying the concepts of threat and risk, this book challenges the prevailing hypothesis of a shift from threat to risk with the end of the Cold War, and in doing so presents a new explanatory model of risk that can be applied to Japan and elsewhere. In turn, it proposes that a full comprehension of the concept of risk can generate new understandings of political processes that would otherwise remain obscured. Williamson demonstrates how this can be done, proffering a new perspective on Japanese security discourse, especially the controversy between, on the one hand, early Japanese governments, prime ministers, Diet members, and those Japanese who drafted the Japanese proposal for the new constitution, and, on the other hand, intellectuals, peace movement activists, proponents of unarmed neutrality and the US-Japan security treaty. Including extensive archival material in the form of speeches, public statements and government documents, this book will be of huge interest to students and scholars of Japanese politics, international relations and history alike.

Credit Portfolio Management

Author : Charles Smithson
Publisher : John Wiley & Sons
Page : 354 pages
File Size : 40,9 Mb
Release : 2003-04-07
Category : Business & Economics
ISBN : 9780471465423

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Credit Portfolio Management by Charles Smithson Pdf

A cutting-edge text on credit portfolio management Credit risk. A number of market factors are causing revolutionary changes in the way it is measured and managed at financial institutions. Charles Smithson, author of the bestselling Managing Financial Risk, introduces a portfolio management approach to credit in his latest book. Understanding how to manage the inherent risks of this market has become increasingly important over the years. Credit Portfolio Management provides readers with a complete understanding of the alternative approaches to credit risk measurement and portfolio management. This definitive guide discusses the pricing and managing of credit risks associated with a variety of off-balance-sheet products such as credit default swaps, total return swaps, first-to-default baskets, and credit spread options; as well as on-balance-sheet customized structured products such as credit-linked notes, repackage notes, and synthetic collateralized debt obligations (CDOs). Filled with expert insight and advice, this book is a must-read for all credit professionals. Charles W. Smithson, PhD (New York, NY), is the Managing Partner of Rutter Associates and Executive Director of the International Association of Credit Portfolio Managers (IACPM). He is the author of five books, including The Handbook of Financial Engineering and Managing Financial Risk (now in its Third Edition).

Japan's Big Bang

Author : Declan Hayes
Publisher : Tuttle Publishing
Page : 215 pages
File Size : 46,6 Mb
Release : 2011-09-13
Category : Business & Economics
ISBN : 9781462902002

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Japan's Big Bang by Declan Hayes Pdf

Japan's national economy: understanding the history of the current crisis and proposing a path forward The consistent failure of the Japanese bureaucracy and business establishment to meet proper management and regulatory standards has made America's premier ally in Asia a major source of financial instability in today's world. Japan has the world's biggest everbad–debt burden Japan has allowed organized crime to systematically infiltrate its financial institutions Japan's national pension system faces imminent bankruptcy Japan's banks, brokerages, and insurance houses are near insolvency and welded to obsolete practices that hold the entire country and region back Japan's Big Bang traces the hurdles Japan must overcome to once again reign as one of the world's preeminent financial powerhouses. With an academic's analytical eye and the tenacity of a financial beat reporter, Declan Hayes explores the tangled mess that was and is Japan's economy, and explores the remedial action Japan must follow to regain and sustain its position as the economic engine of Asia.

Japan’s Threat Perception during the Cold War

Author : Eitan Oren
Publisher : Taylor & Francis
Page : 168 pages
File Size : 51,6 Mb
Release : 2023-02-10
Category : History
ISBN : 9781000836127

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Japan’s Threat Perception during the Cold War by Eitan Oren Pdf

Oren re-examines Japan’s threat perception during the first two decades of the Cold War, using a wide range of source materials, including many unavailable in English, or only recently declassified. There is a widely shared misconception that during the Cold War the Japanese were largely shielded from threats due to the American military protection, the regional balance of power, Japan’s geographical insularity, and domestic aversion to militarism. Oren dispels this, showing how security threats pervaded Japanese strategic thinking in this period. By dispelling this misconception, Oren enables us to more accurately gauge the degree to which Japan’s threat perception has evolved during and after the end of the Cold War and to enhance our understanding of Tokyo’s strategic calculus in the current situation of rivalry between China and the United States. This book will be of great value to both scholars of Japanese history and contemporary international relations.

Securitization of Financial Assets

Author : Kravitt
Publisher : Wolters Kluwer
Page : 1902 pages
File Size : 54,7 Mb
Release : 2012-12-18
Category : Law
ISBN : 9780735561922

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Securitization of Financial Assets by Kravitt Pdf

Designing Financial Systems for East Asia and Japan

Author : Joseph Fan,Masaharu Hanazaki,Juro Teranishi
Publisher : Routledge
Page : 408 pages
File Size : 43,9 Mb
Release : 2004-08-02
Category : Business & Economics
ISBN : 9781134352630

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Designing Financial Systems for East Asia and Japan by Joseph Fan,Masaharu Hanazaki,Juro Teranishi Pdf

This collection discusses the role of financial institutions and markets in East Asian and Japan, corporate governance and new technology and how to redesign the East Asian and Japanese financial systems.

Risk State

Author : Sebastian Maslow,Ra Mason,Paul O'Shea
Publisher : Routledge
Page : 202 pages
File Size : 46,8 Mb
Release : 2016-03-03
Category : Political Science
ISBN : 9781317062776

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Risk State by Sebastian Maslow,Ra Mason,Paul O'Shea Pdf

The increase of new complex security challenges and the heightening significance of a diverse array of actors has simultaneously posed a challenge to traditional perspectives on international relations and foreign policy and created an opportunity for new concepts to be applied. Conventional explanations of Japan’s foreign policy have provided us with theoretically predetermined understandings and fallacious predictions. Reformulating risk in its application to the study of international relations and foreign policy, this volume promises new insights into the analysis of contemporary foreign policy in East Asia and Japan’s post-Cold War international relations in particular.

The Japanese Banking Crisis of the 1990's

Author : Mr.Akihiro Kanaya,Mr.David Woo
Publisher : International Monetary Fund
Page : 48 pages
File Size : 44,7 Mb
Release : 2000-01-01
Category : Business & Economics
ISBN : 9781451842401

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The Japanese Banking Crisis of the 1990's by Mr.Akihiro Kanaya,Mr.David Woo Pdf

For a large part of the past decade, Japan has witnessed a steady deterioration in the health of its banking system. This paper examines what went wrong and why it has taken so long for the system to recover. While the paper traces the roots of the crisis to accelerated deregulation and deepening of capital markets without an appropriate adjustment in the regulatory framework, it identifies weak corporate governance and regulatory forbearance as the two factors behind what might have been an unnecessary prolongation of the distress of the financial system.

Revisiting Risk-Weighted Assets

Author : Vanessa Le Leslé,Ms.Sofiya Avramova
Publisher : International Monetary Fund
Page : 50 pages
File Size : 53,7 Mb
Release : 2012-03-01
Category : Business & Economics
ISBN : 9781475502657

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Revisiting Risk-Weighted Assets by Vanessa Le Leslé,Ms.Sofiya Avramova Pdf

In this paper, we provide an overview of the concerns surrounding the variations in the calculation of risk-weighted assets (RWAs) across banks and jurisdictions and how this might undermine the Basel III capital adequacy framework. We discuss the key drivers behind the differences in these calculations, drawing upon a sample of systemically important banks from Europe, North America, and Asia Pacific. We then discuss a range of policy options that could be explored to fix the actual and perceived problems with RWAs, and improve the use of risk-sensitive capital ratios.

Commercial Law Aspects of Residential Mortgage Securitisation in Australia

Author : Pelma Rajapakse,Shanuka Senarath
Publisher : Springer
Page : 292 pages
File Size : 50,6 Mb
Release : 2019-04-11
Category : Business & Economics
ISBN : 9783030006051

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Commercial Law Aspects of Residential Mortgage Securitisation in Australia by Pelma Rajapakse,Shanuka Senarath Pdf

This book evaluates key commercial law aspects of the relevant law and legislation governing residential mortgage-backed securities (RMBSs) in Australia from a legal perspective. Within the context of a “public benefit test” framework, the book seeks to critically evaluate the impact and effectiveness of current law and regulation governing RMBSs. There is a dearth of both academic and practical literature on the legal and regulatory issues surrounding RMBSs in Australia. The book aims to make a contribution to the formulation of law and public policy by suggesting a number of reforms to the current law and practice surrounding RMBSs in Australia. In part, these suggested reforms will be based on the lessons learned from the experiences of overseas jurisdictions such as Canada, the U.K, and the United States.

Japan Real Estate Investment

Author : M. A. Hines
Publisher : Bloomsbury Publishing USA
Page : 336 pages
File Size : 55,9 Mb
Release : 2001-02-28
Category : Business & Economics
ISBN : 9780313001123

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Japan Real Estate Investment by M. A. Hines Pdf

From long personal experience, research, and private conversations with international real estate investors, analysts, and marketing executives, Dr. Hines identifies succinctly and precisely the differences between investing in Japanese real estate and real estate elsewhere--the crucial differences, plus the risks and hazards that real estate professionals must know and understand. She shows that the new Japanese economic environment is having its affect on real estate there, how foreign investors are influencing the value of property and the systems to analyze it, and why the financing of real estate in Japan through loan and equity securitization is on the rise. Real estate professionals will be particularly interested in her coverage of commercial and residential property, while specialists with other interests will also get an unusual view of Japanese urban planning, land development, and tenure changes over time, information that is rarely available in English. Dr. Hines focuses on the Tokyo metropolitan area and on office buildings and shopping centers, in general but she also covers residential and industrial property investment across Japan. Readers will get a quick view of the new investment climate and aspects of economic, cultural, governmental, and environmental change in Japan. She gives a brief history of Japanese land tenure and views current land planning and control from a historical perspective. For real estate professionals there are chapters on leasing, marketing, land development, and construction, and she delineates the differences between Japanese real estate appraisal and international valuation methods and practices. Also noted is the increased use of income capitalization methods. Dr. Hines examines differences between Japanese and international real estate investment methods of analysis, particularly in light of Japanese real estate financing and taxation. She also illustrates the imputed interest charge methods of investment analysis and gives special emphasis to internationally approved discounted cash flow analysis. Finally, the book examines the trend toward real estate securitization and shows how banks and other financial institutions are reducing their real estate lending and restructuring themselves to prepare for a new era of economic reform.

Securitization and the Global Economy

Author : Bonnie G. Buchanan
Publisher : Springer
Page : 251 pages
File Size : 51,5 Mb
Release : 2016-12-29
Category : Business & Economics
ISBN : 9781137342874

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Securitization and the Global Economy by Bonnie G. Buchanan Pdf

This book examines the controversial issue of securitization in a global, historical context. It traces its origins and compares evidence of securitization across countries, linking differences to variations in legal, political, and cultural regimes. By incorporating the history and current status of securitization (including sources of value and risk) with alternative markets and future outlooks for the global market, Buchanan provides an overall assessment of the costs, benefits, and sustainability of securitization in the global economy, particularly in the aftermath of the 2007-2009 financial crisis. The book also offers a roadmap for future research. As financial regulators around the world plan a sweeping overhaul of securitization markets with tough new rules designed to restore market confidence, it is essential to consider the global outlook for securitization.

The Japanese Economy

Author : Peter Drysdale,Luke Gower
Publisher : Taylor & Francis
Page : 418 pages
File Size : 51,6 Mb
Release : 1998
Category : Business & Economics
ISBN : 0415174368

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The Japanese Economy by Peter Drysdale,Luke Gower Pdf