Designing financial systems in east Asia and Japan / / edited by Joseph P.H. Fan, Masaharu Hanazaki and Juro Teranishi

• Record Nr.: UNINA9910826413503321
• Autore: Fan Joseph P. H
• Pubbl/distr/stampa: London ; ; New York, : RoutledgeCurzon, 2004
• ISBN: 1-134-35262-X; 1-280-05947-8; 0-203-30036-X; 1-134-35263-8
• Edizione: [1st ed.]
• Descrizione fisica: xv, 391 p. : ill
• Collana: RoutledgeCurzon studies in the growth economies of Asia ; ; 52
• Altri autori (Persone): HanazakiMasaharu; TeranishiJuro
• Disciplina: 332.1/095
• Soggetti: Financial institutions - Japan; Corporate governance - Japan; Financial institutions - East Asia; Corporate governance - East Asia; Financial crises - East Asia; Japan Economic conditions 1989-; East Asia Economic conditions
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Note generali: Bibliographic Level Mode of Issuance: Monograph
• Nota di bibliografia: Includes bibliographical references and index.
• Nota di contenuto: chapter Introduction: globalization, nancial technology and growth phase some thoughts on redesigning nancial systems in East -- Globalization, nancial technology and growth phase some thoughts on redesigning nancial systems in East Asia and Japan / Joseph P.H. Fan, Masaharu Hanazaki and Juro Teranishi -- part Part I Financial institutions and nancial markets in Japan and / East Asia -- chapter 1 Can the nancial restraint theory explain the postwar experience of Japan's nancial system? / Masaharu Hanazaki -- chapter 2 The role of long-term funds for economic development -- Empirical evidence in Japan, Korea and Taiwan / Shin-ichi Fukuda -- chapter 3 Japanese economic success and the curious characteristics of Japanese stock prices / Randall Morck -- chapter 4 Japanese securities rms, business ; corporations and nancial institutions: A comparison of their investing behavior KENNETH A. KIM AND JOHN R. NOFSINGER -- A comparison of their investing behavior / Kenneth A. Kim -- chapter 5 Financial deregulations, weakness of market discipline and market development -- Japan's experience / Mitsuhiro Fukao -- chapter 6 Macroeconomic effects of capital adequacy regulation in Japan / Heather Montgomery -- part Part II Issues in governance of corporate sector and new technology -- chapter 7 The nancing and governance of new technologies / Colin Mayer -- chapter 8 The benefits and costs of internal markets -- Evidence from Asia's nancial crisis / Stijn Claessens, Simeon Djankov, Joseph P.H. Fan and Larry H.P. Lang -- chapter 9 Large shareholders and banks: Who monitors and how? YISHAY YAFEH AND OVED YOSHA -- Who monitors and how? / Yishay Yafeh -- chapter 10 Did families lose or gain control after the East Asian nancial crisis? / Anya Khanthavit -- chapter 11 The determinants of executive compensation in Japan and the UK -- Agency hypothesis or joint determination hypothesis? / Katsuyuki Kubo -- part Part III Toward a new design of nancial system -- chapter 12 Toward an incentive compatible nancial system -- Accounting and managing the non-performing loans / Akio Kuroda -- chapter 13 Further reforms of the JGB market for the promotion of regional bond markets / S. Ghon Rhee -- chapter 14 Re?ections on the new nancial system in Japan -- Participation costs, wealth distribution and security market- based intermediation / Yukinobu Kitamura, Megumi Suto and Juro.
• Sommario/riassunto: This book deliberates on some urgent issues that face the new architecture of the financial systems in Japan and East Asia. The book is broken into three sections: *The role of financial institutions and markets in economic development in Japan and East Asia *Issues in corporate governance and new technologies *The designing of efficient financial systems With contributions from leading Asian economics experts based around the world, this book will be useful to both scholars and professionals with an interest in financial systems, corporate financing and governance.