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Author : Julian Alworth
Publisher : Unknown
Page : 52 pages
File Size : 45,8 Mb
Release : 1993
Category : Dollar, American
ISBN : 9291310336
Author : Richard S. Thorn
Publisher : Institute of Southeast Asian Studies
Page : 145 pages
File Size : 52,5 Mb
Release : 1987
Category : History
ISBN : 9789971988753
Japan has become the world's second largest economy and the number one exporter of financial capital. Tokyo has taken its place as a first-tier financial centre alongside London and New York. This study analyses the far-reaching effects of these developments on both Japan and the world capital markets.
Author : Hugh T. Patrick,Yung Chul Park,Yŏng-chʻŏl Pak
Publisher : Oxford University Press, USA
Page : 401 pages
File Size : 49,8 Mb
Release : 1994
Category : Banks and banking
ISBN : 9780195087666
The analysis shows how financial development has occurred in two distinct phases. Initially, interest rates were regulated to remain below market levels, entry of new financial institutions was restricted, financial markets were segmented, and domestic finance was insulated from world financial markets. The second phase has seen a steady, if sometimes slow, removal of these restrictions.
Author : Jeffrey A. Frankel
Publisher : MIT Press (MA)
Page : 96 pages
File Size : 49,8 Mb
Release : 1984
Category : Business & Economics
ISBN : STANFORD:36105039941070
This monograph covers Japan-US trade and the allegation that the yen is artificially undervalued, liberalization of international capital flows, internationalization of the yen, treatment of US financial institutions in Japan, liberalization of domestic capital markets, public reaction to the liberalization of October 1983-May 1984, and the current account and saving in Japan. Now available directly from: IIE 11 Dupont Circle, NW Washington, DC 20036 Tel: (202) 328-9000
Author : Thomas F. Cargill
Publisher : Hoover Press
Page : 260 pages
File Size : 53,7 Mb
Release : 1988
Category : Finance
ISBN : 0817987231
Author : Maximilian Hall
Publisher : Edward Elgar Publishing
Page : 248 pages
File Size : 55,5 Mb
Release : 1998
Category : Business & Economics
ISBN : STANFORD:36105023487304
This text provides a detailed analysis of the post-war evolution of financial markets and financial regulation in Japan, paying special attention to the period since 1975.
Author : James Horne
Publisher : Taylor & Francis
Page : 271 pages
File Size : 54,9 Mb
Release : 1985-01-01
Category : Business & Economics
ISBN : 0868617245
Author : Henry Laurence
Publisher : Cornell University Press
Page : 254 pages
File Size : 45,9 Mb
Release : 2001
Category : Business & Economics
ISBN : 0801437733
Henry Laurence traces financial market reform in Britain and Japan over the last two decades, charting the movement of the Anglo-Saxon and Japanese styles of capitalism toward a new, hybrid form of economic organization. He explains what these two stories reveal about changes in the nature of business-government relations in an age of convergence.The package of reforms known in Britain as the "Big Bang" and in Japan as "Biggu Bangu" decontrolled prices, liberalized the number and nature of financial instruments that could be traded, opened both countries' markets to foreigners, and introduced a much greater degree of competition than would have been believed possible twenty years earlier. At the same time, Britain and Japan have undertaken stringent measures to improve the transparency and fairness of their markets.Why did two countries with traditionally very different regulatory styles adopt such strikingly similar reforms, and why did these reforms result in a mixture of deregulation in some areas and tighter control in others? In explaining these apparent contradictions, Laurence invokes the powerful domestic political impact of international capital mobility.Money Rules challenges the view that bureaucracy is the most powerful actor in the policymaking process. Using extensive interviews with more than one hundred policymakers and financial professionals in both countries, the author rebuts conventional wisdom. He argues that the events in Britain and Japan demonstrate striking crossnational convergence of political and economic institutions.
Author : Anonim
Publisher : Unknown
Page : 212 pages
File Size : 46,7 Mb
Release : 1995
Category : Capital market
ISBN : UCSD:31822031544497
Author : J. Robert Brown, Jr.
Publisher : Routledge
Page : 270 pages
File Size : 44,5 Mb
Release : 2018-11-15
Category : Social Science
ISBN : 9780429768828
This book, first published in 1994, takes a broad look at the reasons behind the failure of foreign banks to penetrate Japanese financial markets. It accepts the common argument that the Japanese bureaucracy has skilfully limited the scope of foreign banks and discusses at length the methods used to do so. However, in examining the history of foreign banking activity in Japan, it becomes clear that ineptitude on the part of the foreign banks and governments has also been a major factor.
Author : Takeo Hoshi,Hugh T. Patrick
Publisher : Springer Science & Business Media
Page : 326 pages
File Size : 44,5 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9781461543954
At the start of the twenty-first century, the Japanese financial system is undergoing a major transformation. This process is spurred by a sense of crisis. Dominated by large institutions, the Japanese banking system has suffered from serious problems with non-performing loans since the early 1990s, when the Japanese stock market and urban real estate market both crashed. Delays in responding to these twin asset bubbles, by both regulatory authorities and the banks themselves, made matters worse and led to a banking crisis in late 1997 and early 1998. Not anticipating this setback, in late 1996 the Japanese government inaugurated its Big Bang of comprehensive financial deregulation designed to complete the process of creating `free, fair, and open financial markets'. Beginning in late 1998 and early 1999 the government finally embarked on a major rehabilitation of the Japanese banking system, including making available some Yen 60 trillion (approximately USD 500 billion) of government funds to recapitalize fifteen major banks, adequately fund the deposit insurance program, and write off the bad loans of nationalized or bankrupted banks. One result of this reform process is that the Ministry of Finance (MOF), which dominated Japanese financial system policy for most of the post-war period, has been stripped of most of its former regulatory powers. The purpose of this book is to describe, analyze, and evaluate the process that is transforming the Japanese financial system. The chapters address various issues relating to the transition of the Japanese financial system from a bank-centered and relationship-based system to a competitive market-based system. Questions taken up include: Why did Japanese banks get into such serious trouble? Why has the MOF lost its immense power? How will the Big Bang's financial deregulation further change the Japanese financial system, including the huge government financial institutions and postal savings system? What are some of the broader implications of this transition? The book is divided into three parts: Part I considers the origins of Japan's banking crisis; Part II focuses on five particularly important areas of major actual and potential changes; Part III addresses the effects of the Big Bang, including its potential systemic externalities. Taken together, this book offers an unusually up-to-date, comprehensive and thorough appraisal and evaluation of the profound changes occurring in Japan's financial system.
Author : Kazumasa Iwata
Publisher : Unknown
Page : 80 pages
File Size : 55,5 Mb
Release : 1986
Category : Bank deposits
ISBN : UCSD:31822003181849
Author : Yung Chul Park,Hugh Patrick
Publisher : Columbia University Press
Page : 380 pages
File Size : 40,8 Mb
Release : 2013-11-26
Category : Business & Economics
ISBN : 9780231165266
This volume connects the evolving modern financial systems of China, Japan, and Korea to the development and growth of their economies through the first decade of the twenty-first century. It also identifies the commonalities among all three systems while taking into account their social, political, and institutional differences. Essays consider the reform of the Chinese economy since 1978, the underwhelming performance of the Japanese economy since about 1990, and the growth of the Korean economy over the past three decades. These economies engaged in rapid catch-up growth processes and share similar economic structures. While domestic forces have driven each country’s financial trajectory, international short-term financial flows have presented opportunities and challenges for all. For these countries, the nature and role of the financial system in generating real economic growth is integral, though nuanced and complex. The result is a fascinating spectrum of experiences with powerful takeaways.
Author : R. Beason,J. James
Publisher : Springer
Page : 315 pages
File Size : 55,5 Mb
Release : 1999-01-19
Category : Political Science
ISBN : 9780230508217
The authors examine various aspects of Japanese financial markets. This analysis is interspersed with the relevant institutional/historical background on Japanese financial markets necessary for the non-specialist. Principal chapters include: an institutional overview, a chapter on comparative cost of capital (both internationally and among Japanese firms); causes and implications of the high degree of financial intermediation in Japan and an invaluable analysis of the most recent trends in the Japanese/Asian financial markets.
Author : Takatoshi Ito,Anne O. Krueger
Publisher : University of Chicago Press
Page : 416 pages
File Size : 40,6 Mb
Release : 2007-12-01
Category : Business & Economics
ISBN : 9780226386959
The increased mobility and volume of international capital flows is a striking trend in international finance. While countries worldwide have engaged in financial deregulation, nowhere is this pattern more pronounced than in East Asia, where it has affected in unanticipated ways the behavior of exchange rates, interest rates, and capital flows. In these thirteen essays, American and Asian scholars analyze the effects of financial deregulation and integration on East Asian markets. Topics covered include the roles of the United States and Japan in trading with Asian countries, macroeconomic policy implications of export-led growth in Korea and Taiwan, the effects of foreign direct investment in China, and the impact of financial liberalization in Japan, Korea, and Singapore. Demonstrating the complexity of financial deregulation and the challenges it poses for policy makers, this volume provides an excellent picture of the overall status of East Asian financial markets for scholars in international finance and Asian economic development.