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The book provides an institutional, flow of funds, theoretical, and statistical overview of the PSS and FILP. The book evaluates the contributions these institutions have made to Japan's economic growth and the problems these institutions create as Japan attempts to modernize its financial and economic system. The book provides a positive analysis of the role played by the PSS and the FILP in Japan's impressive growth from 1950 to the late 1980s and the economic and financial distress of the 1990s. The book evaluates the reforms started in 1998 and provides a normative view of what direction…mehr

Produktbeschreibung
The book provides an institutional, flow of funds, theoretical, and statistical overview of the PSS and FILP. The book evaluates the contributions these institutions have made to Japan's economic growth and the problems these institutions create as Japan attempts to modernize its financial and economic system. The book provides a positive analysis of the role played by the PSS and the FILP in Japan's impressive growth from 1950 to the late 1980s and the economic and financial distress of the 1990s. The book evaluates the reforms started in 1998 and provides a normative view of what direction reform of the PSS and FILP needs to take if the goals of the 1996 Big Bang announcement are to be realized. Despite the setbacks in the late 1990s and the first years of the new century, the 1996 Big Bang remains the operating framework for financial reform in Japan.
The book provides an overview of the Postal Savings System and the Fiscal Investment and Loan Program. These institutions are a major feature of Japanese finance, not extensively discussed outside of Japan. Together, they represent a wide-ranging system of government financial intermediation that is increasingly incompatible with Japan's early efforts to develop a modern financial system and help reverse the economic and financial decline that started in the early 1990s. The book is a mixture of policy, institutional, and quantitative analysis.
Autorenporträt
Professor Cargill completed a Ph.D. in Economics at the University of California, Davis in 1968 and has been at the University of Nevada, Reno since 1973. During that time he has been a visiting scholar at the Comptroller of the Currency, Bank of Japan; Federal Reserve Bank of San Francisco; Federal Deposit Insurance Corporation; and other government agencies. He has written extensively in the areas of financial and monetary economics. Professor Yoshino completed a Ph.D. in Economics at Johns Hopkins University in 1979. He currently teaches at Keio University and specializes in monetary and fiscal policy. He has published extensively, both in English and Japanese, and is active in various research councils in Japan. He is a member of the Asset Management Council; Ministry of General Affairs; and the Postal Savings Bureau. He also chairs the Foreign Exchange Council--Asian Economy and the Japanese Government Bond Market study group at the Ministry of Finance.