R. Beason, J. James

The Political Economy of Japanese Financial Markets (eBook, PDF)

Myths versus Realities

• Format: PDF

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.

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Produktdetails

• Verlag: Springer-Verlag GmbH
• Seitenzahl: 304
• Erscheinungstermin: 19. Januar 1999
• Englisch
• ISBN-13: 9780230508217
• Artikelnr.: 45962907

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