R. Beason, J. James

The Political Economy of Japanese Financial Markets

Myths Versus Realities

• Gebundenes Buch

Produktbeschreibung

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

Produktdetails

• International Political Economy Series
• Verlag: Palgrave Macmillan / Palgrave Macmillan UK / Springer Palgrave Macmillan
• Artikelnr. des Verlages: 978-0-333-57933-6
• 1999
• Seitenzahl: 304
• Erscheinungstermin: 20. Januar 1999
• Englisch
• Abmessung: 216mm x 140mm x 22mm
• Gewicht: 485g
• ISBN-13: 9780333579336
• ISBN-10: 033357933X
• Artikelnr.: 44373929

Autorenporträt

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

Inhaltsangabe

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

Rezensionen

"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