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Author : Luke Gower
Publisher :
ISBN 13 :
Total Pages : 175 pages
Book Rating : 4.:/5 (223 download)
Download or read book Corporate Monitoring and the Japanese Main Bank System written by Luke Gower and published by . This book was released on 1995 with total page 175 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Masahiko Aoki
Publisher :
ISBN 13 :
Total Pages : 38 pages
Book Rating : 4.:/5 (318 download)
Download or read book Monitoring Characteristics of the Main Bank System written by Masahiko Aoki and published by . This book was released on 1994 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Paul Sheard
Publisher :
ISBN 13 :
Total Pages : 23 pages
Book Rating : 4.:/5 (851 download)
Download or read book The main bank system and corporate monitoring and control in Japan written by Paul Sheard and published by . This book was released on 1989 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Masahiko Aoki
Publisher : Clarendon Press
ISBN 13 : 0191521744
Total Pages : 684 pages
Book Rating : 4.1/5 (915 download)
Download or read book The Japanese Main Bank System written by Masahiko Aoki and published by Clarendon Press. This book was released on 1995-02-16 with total page 684 pages. Available in PDF, EPUB and Kindle. Book excerpt: BL Gives a definitive description and analysis of the main bank system BL Strong contributors BL Understudied subject BL Incorporates results of a major World Bank research programme BL Balances institutional description with financial theory and empirical analysis This volume looks at systems of corporate finance, concentrating on the Japanese main bank system. The remaining chapters describe different systems, assessing to what extent the Japanese system can serve as a model for developing market economies and transforming socialist economies. The basic characteristics of the main bank system are examined here, its roots, development, and its role in the heyday of its rapid growth. The volume looks at how the system has performed and at its strengths and weaknesses. It goes on to look at how the system has changed and what its approprate role is as deregulation, liberalization, and internationalization of Japan's financial markets have proceeded over the past two decades and a new issue securities market has emerged. A basic conclusion of the book is that banking-based systems are in most cases the most appropriate for industrial financing until a rather late stage of a country's economic and financial development. It aims to identify the conditions under which banks are better able that securites market institutions to evaluate the credit worthiness of borrowers and the viability of new projects, to monitor the ongoing performance of firms, and to rescue or liquidate firms in distress. Contributors: Masahiko Aoki, Theodor Baums, V.V.Bhatt, John Campbell, Yasushi Hamao, Toshihiro Horiuchi, Takeo Hoshi, Anil Kashyap, Dong-Wong Kim, Gary Loveman, Sang-Woo Nam, Frank Packer, Hugh Patrick, Yingyi Qian, Mark Ramseyer, Clark Reynolds, Satoshi Sunamura, Paul Sheard, Juro Teranishi, Kazuo Ueda,
Author : Luke Gower
Publisher :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.:/5 (318 download)
Download or read book A Simple Model of Main Bank Monitoring in Japan written by Luke Gower and published by . This book was released on 1995 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Masahiko Aoki
Publisher :
ISBN 13 :
Total Pages : 98 pages
Book Rating : 4.:/5 (318 download)
Download or read book The Japanese Main Bank System written by Masahiko Aoki and published by . This book was released on 1993 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Masahiko Aoki
Publisher :
ISBN 13 :
Total Pages : 22 pages
Book Rating : 4.:/5 (318 download)
Download or read book Introduction written by Masahiko Aoki and published by . This book was released on 1994 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Tobias Miarka
Publisher : Springer Science & Business Media
ISBN 13 : 3642524257
Total Pages : 165 pages
Book Rating : 4.6/5 (425 download)
Download or read book Financial Intermediation and Deregulation written by Tobias Miarka and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 165 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 : Hugh T. Patrick
Publisher :
ISBN 13 :
Total Pages : 26 pages
Book Rating : 4.:/5 (318 download)
Download or read book Japan's Financial System and the Evolving Role of Main Banks written by Hugh T. Patrick and published by . This book was released on 1991 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Ellie Okada
Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.:/5 (318 download)
Download or read book Financial Control Through Japan's Main Bank System and the Japanese Accounting System written by Ellie Okada and published by . This book was released on 1997 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Australia-Japan Research Centre
Publisher : Addison Wesley Publishing Company
ISBN 13 :
Total Pages : 336 pages
Book Rating : 4.:/5 (318 download)
Download or read book Japanese Firms, Finance and Markets written by Australia-Japan Research Centre and published by Addison Wesley Publishing Company. This book was released on 1996 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : P. Sheard
Publisher :
ISBN 13 :
Total Pages : 70 pages
Book Rating : 4.:/5 (318 download)
Download or read book Delegated Monitoring Among Delegated Monitors written by P. Sheard and published by . This book was released on 1993 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Yasushi Suzuki
Publisher : Springer
ISBN 13 : 0230307701
Total Pages : 235 pages
Book Rating : 4.2/5 (33 download)
Download or read book Japan's Financial Slump written by Yasushi Suzuki and published by Springer. This book was released on 2011-04-19 with total page 235 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book evaluates the salient features of Japanese relation-based banking, particularly in the post war period, and Anglo-American mode of banking to explain the nature and extent of transition failure that caused prolonged financial and economic slump in Japan.
Author : Takeo Hoshi
Publisher :
ISBN 13 :
Total Pages : 64 pages
Book Rating : 4.3/5 ( download)
Download or read book Bank Monitoring and Investment written by Takeo Hoshi and published by . This book was released on 1989 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: During this decade the structure of corporate finance in Japan has changed dramatically. Japanese firms that once used bank debt as their prime source of financing now rely more heavily on the public capital markets. This trend was facilitated by the substantial deregulation of the Japanese capital markets. In an earlier paper (Moshi, Kashyap, and Scharfstein 1988). we demonstrated that investment by firms with close bank relationships appears to be less liquidity constrained than investment by firms without close bank ties. We interpreted this finding as evidence that bank ties tend to mitigate information problems in the capital market. This paper tracks the investment behavior of firms that have recently weakened their bank ties in favor of greater reliance on the bond market. The results suggest that these firms are now more liquidity constrained. The paper concludes with a discussion of why firms would loosen their bank ties in light of these liquidity costs.
Author : Jennifer Ann Amyx
Publisher : Princeton University Press
ISBN 13 : 9780691114477
Total Pages : 404 pages
Book Rating : 4.1/5 (144 download)
Download or read book Japan's Financial Crisis written by Jennifer Ann Amyx and published by Princeton University Press. This book was released on 2004 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt: At the beginning of the 1990s, a massive speculative asset bubble burst in Japan, leaving the nation's banks with an enormous burden of nonperforming loans. Banking crises have become increasingly common across the globe, but what was distinctive about the Japanese case was the unusually long delay before the government intervened to aggressively address the bad debt problem. The postponed response by Japanese authorities to the nation's banking crisis has had enormous political and economic consequences for Japan as well as for the rest of the world. This book helps us understand the nature of the Japanese government's response while also providing important insights into why Japan seems unable to get its financial system back on track 13 years later. The book focuses on the role of policy networks in Japanese finance, showing with nuance and detail how Japan's Finance Ministry was embedded within the political and financial worlds, how that structure was similar to and different from that of its counterparts in other countries, and how the distinctive nature of Japan's institutional arrangements affected the capacity of the government to manage change. The book focuses in particular on two intervening variables that bring about a functional shift in the Finance Ministry's policy networks: domestic political change under coalition government and a dramatic rise in information requirements for effective regulation. As a result of change in these variables, networks that once enhanced policymaking capacity in Japanese finance became "paralyzing networks"--with disastrous results.
Author : William M. Tsutsui
Publisher : Taylor & Francis
ISBN 13 : 9780415170130
Total Pages : 644 pages
Book Rating : 4.1/5 (71 download)
Download or read book Banking in Japan: Japanese banking in the high-growth era, 1952-1973 written by William M. Tsutsui and published by Taylor & Francis. This book was released on 1999 with total page 644 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Takeo Hoshi
Publisher :
ISBN 13 :
Total Pages : 90 pages
Book Rating : 4.:/5 (318 download)
Download or read book Lessons from the Japanese Main Bank System for Financial System Reform in Poland written by Takeo Hoshi and published by . This book was released on 1993 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt:
