Deregulation and Internationalization of Japanese Financial Markets PDF Download
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Author: Touran Halati
Publisher:
ISBN:
Category : Capital market
Languages : en
Pages : 416
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Book Description
Author: Touran Halati
Publisher:
ISBN:
Category : Capital market
Languages : en
Pages : 416
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Book Description
Author: Mr.George S. Tavlas
Publisher: International Monetary Fund
ISBN: 1451930992
Category : Business & Economics
Languages : en
Pages : 61
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Book Description
The role of the Japanese yen as an international currency is assessed. It is found that the determinants of international-currency use imply some increase for the yen’s use in international finance; however, the implications for the yen’s use in international trade are mixed. It is also shown that, despite Japan’s emergence as the world’s largest net creditor nation, Japan’s capital outflows have not significantly facilitated the yen’s internationalization. Data are presented showing that, although the yen’s use as an international currency has increased, it is still rather modest. Wider use of the yen as a regional currency in Asia has occurred, though a “yen-zone” does not appear to be emerging.
Author: National Research Council
Publisher: National Academies Press
ISBN: 0309048834
Category : Political Science
Languages : en
Pages : 225
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Book Description
Many questions have been raised about America's status in the increasingly interconnected global economy. Yet key factsâ€"such as the amount of foreign assets abroad owned by U.S. citizensâ€"are not known. The crucial data needed to assess the U.S. position are unavailable. This volume explores significant shortcomings in U.S. data on international capital transactions and their implications for policymakers. The volume offers clearcut recommendations for U.S. agencies to bring data collection and analyses of the global economy into the twenty-first century. The volume explores: How factors emerging since the early 1980s have shaped world financial markets and revealed shortcomings in data collection and analysis. How the existing U.S. data system works and where it fails how measurements of international financial transactions are recorded; and how swaps, options, and futures present special reporting problems. How alternative methods, such as collecting data, from sources such as global custodians and international clearinghouses, might improve coverage and accuracy.
Author: Declan Hayes
Publisher: Tuttle Publishing
ISBN: 1462902006
Category : Business & Economics
Languages : en
Pages : 297
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Book Description
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.
Author: Ryozo Himino
Publisher: Springer Nature
ISBN: 9811595984
Category : Business & Economics
Languages : en
Pages : 127
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Book Description
This open access book provides a readable narrative of the bubbles and the banking crisis Japan experienced during the two decades between the late 1980s and the early 2000s. Japan, which was a leading competitor in the world’s manufacturing sector, tried to transform itself into an economy with domestic demand-led mature growth, but the ensuing bubbles and crisis instead made the country suffer from chronicle deflation and stagnation. The book analyses why the Japanese authorities could not avoid making choices that led to this outcome. The chapters are based on the lectures to regulators from emerging economies delivered at the Global Financial Partnership Center of the Financial Services Agency of Japan.
Author: Tobias Miarka
Publisher: Springer Science & Business Media
ISBN: 3642524257
Category : Business & Economics
Languages : en
Pages : 165
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Book Description
The author develops a model of bank-firm relationships on the basis of the following general idea: Banks want to prevent moral hazard on the side of their customers. In particular they want to prevent their business customers to use bank credit for purposes different from those that have been negotiated thus damaging the bank's interest. The idea of this model is relatively simple. Banks do not extend a loan if the project for which the money is intended will probably be un profitable. They extend the loan if the success of the project is highly probable and if the revenues from that project are greater than the expenses of the bank for monitoring the customer. Assuming as Miarka does that the results from a successful project are certain, this model is an equivalent to minimizing moni toring costs. In fact, this is the outcome of the model. The banks are known to monitor their loans. They thereby signal to the capital market that they have tested the project. Therefore, the buyer of bonds of the company on the capital market may rest assured that the project is financially sound. The buyers of bonds thus avoid monitoring costs and can grant better credit conditions than the banks. Pur chasers of bor. . ds are free riders on the monitoring of the banks. Miarka tests his model econometrically. The results are amazingly supportive of the model.
Author: Chikara Higashi
Publisher: Springer Science & Business Media
ISBN: 9401578915
Category : Business & Economics
Languages : en
Pages : 338
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Book Description
In the first, 1987, edition of this book, Dr. Higashi and Dr. Lauter have discussed and analyzed the initial stages of the internationalization process The authors with Michio Watanabe at a reception in Hakone, Japan, 1988. xvi THE INTERNATIONALIZATION OF THE JAPANESE ECONOMY of the Japanese economy as it had evolved between 1985 and 1986. In this, the second, edition, they explore the developments during 1985-1988 and show how the gradual transformation of the economy from export-Ied to domestic demand-Ied growth has taken place, what the results of the trans formation process are, what remaining problems still have to be resolved, and what directions the Japanese economy might take in the future. While the transformation process is by no means completed, Drs. Higashi and Lauter provide a broad, policy-analysis based overview that enables the reader to understand not only the economic but also the basic political and social issues involved in the internationalization process. In this sense, the authors stay away from the extreme positions that characterize so many of the publications on Japan today and attempt to provide a realistic view of the changes and the impact of these changes. I believe that this book is a fair and balanced representation of events.
Author: Roy E. Allen
Publisher: Edward Elgar Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 196
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Book Description
Explaining the rise and fall of economies in Asia, Central America and Europe, this book explains major financial instabilities and trends across the global economy since the 1970s, including the crisis that began in 2008 and the long boom that preceded it.
Author: J. Robert Brown Jr.
Publisher: Routledge
ISBN: 1134839766
Category : Business & Economics
Languages : en
Pages : 273
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Book Description
It is widely asserted, outside Japan, that the failure of foreign banks to penetrate Japanese financial markets is the direct result of stringent Japanese protectionist policies. However, although there may be some truth in this, it is a one-dimensional argument. Opening Japan's Financial Markets takes a broader view. It accepts that the Japanese bureaucracy have skillfully limited the scope of foreign banks. However, in examining the history of foreign banking activity in Japan, it becomes clear that ineptitude on the part of foreign banks and governments has also been a major factor.
Author: Glenn D. Hook
Publisher: Routledge
ISBN: 1135035377
Category : Business & Economics
Languages : en
Pages : 347
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Book Description
The Internationalization of Japan provides the English-speaking reader with the opportunity to hear what some of Japan's leading social scientists and other commentators have to say about the internationalization of their country as well as their country's impact overseas. The topic is of extreme importance now as the international community demands a greater Japanese contribution to international society as well as changes in Japan to facilitate foreign access. The book discusses the internationalization of politics, economy and society. Topics of special interest include the internationalization of Japanese capital, the response of Japanese society to foreign workers, local level initiatives for internationalization and the internationalization of education. To place the internationalization of Japan in comparative perspective there are chapters on Britain and the United States from a leading British and a leading American political scientist respectively. These two and the editors aside, all the contributors are highly regarded Japanese scholars or commentators.
