1.

Record Nr.

UNINA9910955086003321

Titolo

Financial sector development in the Pacific Rim / / edited by Takatoshi Ito and Andrew K. Rose

Pubbl/distr/stampa

Chicago, : University of Chicago Press, c2009

ISBN

9786612069963

9781282069961

1282069969

9780226386867

0226386864

Edizione

[1st ed.]

Descrizione fisica

1 online resource (402 p.)

Collana

NBER-East Asia seminar on economics ; ; v. 18

Altri autori (Persone)

ItoTakatoshi <1950->

RoseAndrew <1959->

Disciplina

332.095

Soggetti

Financial institutions - Pacific Area

Financial institutions - East Asia

Financial crises - East Asia

Financial crises - Pacific Area

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Papers presented at the 18th Annual East Asia Seminar in Economics, held at Singapore Management University on June 22-24, 2007.

Nota di bibliografia

Includes bibliographical references and indexes.

Nota di contenuto

Frontmatter -- Contents -- Acknowledgments -- Introduction -- 1. Hong Kong and Shanghai: Yesterday, Today, and Tomorrow -- 2. Listing Policy and Development of the Tokyo Stock Exchange in the Prewar Period -- 3. Misaligned Incentives and Mortgage Lending in Asia -- 4. East Asia and Global Imbalances: Saving, Investment, and Financial Development -- 5. Consumer Credit Market in Korea since the Economic Crisis -- 6. The Determinants of Cross-Border Merger and Acquisition Activity in the Financial Sector in Asia: Did the Asian Financial Crisis Change Them? -- 7. Merger Activities and Stock Market Valuation in China -- 8. Consolidation of Banks in Japan: Causes and Consequences -- 9. Did the Japanese Stock Market Appropriately Price the Takenaka Financial Reform? -- 10. Big Business Stability and Social Welfare -- Contributors -- Author Index -- Subject Index

Sommario/riassunto

The reform in Asian financial sectors-especially in banking and stock



markets-has been remarkable since the currency crisis of 1997-98. East Asia is now a major player in international finance, providing serious competition to the more traditional financial centers of London and New York. Financial Sector Development in the Pacific Rim provides a rich collection of theoretical and empirical analyses of the growing capital markets in the region.            Bringing together authors from various East Asian and Pacific nations, this volume examines the institutional fac