Erschienen: 30.09.2001 Abbildung von Hoshi / Kashyap | Corporate Financing and Governance in Japan | 2001

Hoshi / Kashyap

Corporate Financing and Governance in Japan

The Road to the Future. Foreword by Stanley Fischer

lieferbar, ca. 10 Tage

ca. 32,51 €

inkl. Mwst.

2001. Buch. 378 S. Hardcover

MIT Press. ISBN 978-0-262-08301-0

Format (B x L): 15,2 x 22,9 cm

In englischer Sprache

Produktbeschreibung

The history and future of the Japanese financial system.

In this book Takeo Hoshi and Anil Kashyap examine the history of the Japanese financial system, from its nineteenth-century beginnings through the collapse of the 1990s that concluded with sweeping reforms. Combining financial theory with new data and original case studies, they show why the Japanese financial system developed as it did and how its history affects its ongoing evolution.

The authors describe four major periods within Japan's financial history and speculate on the fifth, into which Japan is now moving. Throughout, they focus on four questions: How do households hold their savings? How is business financing provided? What range of services do banks provide? And what is the nature and extent of bank involvement in the management of firms? The answers provide a framework for analyzing the history of the past 150 years, as well as implications of the just-completed reforms known as the 'Japanese Big Bang.'

Hoshi and Kashyap show that the largely successful era of bank dominance in postwar Japan is over, largely because deregulation has exposed the banks to competition from capital markets and foreign competitors. The banks are destined to shrink as households change their savings patterns and their customers continue to migrate to new funding sources. Securities markets are set to re-emerge as central to corporate finance and governance.

Gesamtwerk

Die 8. Auflage ist wieder auf sechs Bände angelegt. Darin finden sich übersichtlich und in systematischer Gliederung Vertragsmuster aus der Feder erfahrener Experten. Jedem dieser Muster folgen Anmerkungen, mit denen der dem Vertragsentwurf zu Grunde liegende Sachverhalt und die Gründe für die Wahl des spezifischen Formulars erläutert werden.

Autoren

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