Crisis and Change in the Japanese Financial System by Takeo Hoshi (English) Pape

$ 172.46

Publication Name: Crisis and Change in the Japanese Financial System Item Height: 0.3 in gtin13: 9781461369776 Type: Textbook Number of Pages: Xiii, 321 Pages Item Length: 9.3 in Publisher: Springer Item Weight: 18.4 Oz ISBN: 9781461369776 Series: Innovations in Financial Markets and Institutions Ser. ISBN-13: 9781461369776 Subject: Finance / General, Economics / Macroeconomics, International / General, Industries / Financial Services Book Title: Crisis and Change in the Japanese Financial System Format: Trade Paperback Author: Hugh T. Patrick Publication Year: 2012 Item Width: 6.1 in Subject Area: Business & Economics Language: English

Description

Crisis and Change in the Japanese Financial System by Takeo Hoshi, Hugh T. Patrick Estimated delivery 3-12 business days Format Paperback Condition Brand New Description At the start of the twenty-first century, the Japanese financial system is undergoing a major transformation. How will the Big Bang's financial deregulation further change the Japanese financial system, including the huge government financial institutions and postal savings system? Publisher Description 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. Details ISBN 1461369770 ISBN-13 9781461369776 Title Crisis and Change in the Japanese Financial System Author Takeo Hoshi, Hugh T. Patrick Format Paperback Year 2012 Pages 321 Edition 00200th Publisher Springer-Verlag New York Inc. GE_Item_ID:137829155; About Us Grand Eagle Retail is the ideal place for all your shopping needs! With fast shipping, low prices, friendly service and over 1,000,000 in stock items - you're bound to find what you want, at a price you'll love! Shipping & Delivery Times Shipping is FREE to any address in USA. Please view eBay estimated delivery times at the top of the listing. Deliveries are made by either USPS or Courier. We are unable to deliver faster than stated. International deliveries will take 1-6 weeks. NOTE: We are unable to offer combined shipping for multiple items purchased. This is because our items are shipped from different locations. Returns If you wish to return an item, please consult our Returns Policy as below: Please contact Customer Services and request "Return Authorisation" before you send your item back to us. Unauthorised returns will not be accepted. Returns must be postmarked within 4 business days of authorisation and must be in resellable condition. Returns are shipped at the customer's risk. We cannot take responsibility for items which are lost or damaged in transit. For purchases where a shipping charge was paid, there will be no refund of the original shipping charge. Additional Questions If you have any questions please feel free to Contact Us. Categories Baby Books Electronics Fashion Games Health & Beauty Home, Garden & Pets Movies Music Sports & Outdoors Toys

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