LEADER 03772nam 2200697 450 001 9910790628703321 005 20200520144314.0 010 $a0-691-11447-1 010 $a1-4008-4963-2 024 7 $a10.1515/9781400849635 035 $a(CKB)2550000001136169 035 $a(EBL)1441391 035 $a(SSID)ssj0001161329 035 $a(PQKBManifestationID)11655902 035 $a(PQKBTitleCode)TC0001161329 035 $a(PQKBWorkID)11128073 035 $a(PQKB)10596520 035 $a(OCoLC)861200091 035 $a(MdBmJHUP)muse37252 035 $a(DE-B1597)448003 035 $a(OCoLC)1013936186 035 $a(OCoLC)922666102 035 $a(DE-B1597)9781400849635 035 $a(Au-PeEL)EBL1441391 035 $a(CaPaEBR)ebr10783695 035 $a(CaONFJC)MIL535872 035 $a(OCoLC)862386727 035 $a(MiAaPQ)EBC1441391 035 $a(EXLCZ)992550000001136169 100 $a20031203h20042004 uy| 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aJapan's financial crisis $einstitutional rigidity and reluctant change /$fJennifer A. Amyx 205 $aCourse Book 210 1$aPrinceton :$cPrinceton University Press,$d[2004] 210 4$dİ2004 215 $a1 online resource (389 p.) 300 $aDescription based upon print version of record. 311 $a0-691-12868-5 311 $a1-306-04621-1 320 $aIncludes bibliographical references (pages 341-359) and indexes. 327 $apart I. Contours of Japan's financial policy networks -- part II. Evolution of network-based regulation -- part III. Institutional change and system transition. 330 $aAt the beginning of the 1990's, 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. 606 $aFinance$zJapan 606 $aFinancial crises$zJapan 606 $aBanks and banking$zJapan 615 0$aFinance 615 0$aFinancial crises 615 0$aBanks and banking 676 $a332.1/0952 700 $aAmyx$b Jennifer Ann$01492087 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910790628703321 996 $aJapan's financial crisis$93714347 997 $aUNINA