Political Economy of Japanese Financial Markets

Myths versus Realities

AvR. Beason,J. James

Inbunden, Engelska, 1999

Del i serien International Political Economy Series

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Beskrivning

This text examines various aspects of Japanese financial markets. The analysis in the book is interspersed with the institutional and historical background on Japanese financial markets necessary for the non-specialist. Principal chapters include: an institutional overview; the comparative cost of capital (both internationally and among Japanese firms); causes and implications of the high degree of financial intermediation in Japan; and an analysis of trends in the Japanese/Asian financial markets.

Produktinformation

Utgivningsdatum:1999-01-20
Mått:140 x 216 x 22 mm
Vikt:561 g
Format:Inbunden
Språk:Engelska
Serie:International Political Economy Series
Antal sidor:304
Upplaga:1999
Förlag:Palgrave Macmillan
ISBN:9780333579336

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Mer om författaren

RICHARD BEASON is Associate Professor in the Faculty of Business, the University of Alberta, CanadaJASON JAMES is a strategist at James Cabel, Tokyo.

Recensioner i media

"This is a useful handbook for anyone contemplating investing in Japanese markets." - Foreign Affairs"...it combines a solid grounding in economic theory with an empirical richness that would require a year's subscription to Euromoney and Institutional Investor to match...I would recommend this book..." - Journal of Asian Studies

Innehållsförteckning

PART I: DEVELOPMENT OF THE INTERMEDIATED STRUCTURE Introduction The High Degree of Intermediation: the Financial Structure 1954-1975 Toward a More Liberal Structure PART II: BREAKDOWN AND TOWARD MATURITY End of the Party (But not the End of the World) Japans Financial Crisis PART III: INSTITUTIONS Institutions, Accounting Practices and Incentives in Japanese Equity and Other Financial Markets Political Change and the Financial Markets Public Funds, 'Price-Keeping Operations' Deregulation and 'Big Bang' PART IV: SOME STICKY QUESTIONS The Cost of Capital in Japan and Semantics of the Bubble Japanese Equity Market Valuation Concluding Remarks