Tabla de Contenidos:
  • Introduction: globalization, financial technology and growth phase
  • some thoughts on redesigning financial systems in East Asia and Japan / Joseph P.H. Fan [and others]
  • PART I. FINANCIAL INSTITUTIONS AND FINANCIAL RESTRAINT THEORY EXPLAIN THE POSTWAR EXPERIENCE OF JAPAN'S FINANCIAL SYSTEM?
  • Can the financial restraint theory explain the postwar experience of Japan's financial system? / Masaharu Hanazaki, Akiyoshi Horiuchi
  • The role of long-term funds for economic development: empirical evidence in Japan, Korea and Taiwan / Shin-Ichi Fukuda
  • Japanese economic success and the curious characteristics of Japanese stock prices / Randall Morck, Bernard Yeung
  • Japanese securities frims, business corporations and financial institutions: a comparison of their investing behavior / Kenneth A. Kim, John R. Nofsinger
  • Financial deregulations, weakness of market discipline and market development: Japan's experience / Mitsuhiro Fukao
  • Macroeconomic effects of capital adequacy regulation in Japan / Heather Montgomery
  • PART II. ISSUES IN GOVERNANCE OF CORPORATE SECTOR AND NEW TECHNOLOGY
  • The financing and governance of new technologies / Colin Mayer
  • The benefits and costs of internal markets: evidence from Asia's financial crisis / Stijn Claessens [and others]
  • Large shareholders and banks: who monitors and how? / Yishay Yafeh, Oved Yosha
  • Did families lose or gain control after the East Asian financial crisis? / Anya Khanthavit [and others]
  • The determinants of executive compensation in Japan and UK: agency hypothesis or joint determination hypothesis? / Katsuyuki Kubo
  • PART III. TOWARD A NEW DESIGN OF FINANCIAL SYSTEM
  • Toward an incentive compatible financial system: accounting and manageing the non-performing loans / Akio Kuroda, Koichi Hamada
  • Further reforms of the JGB market for the promotion of regional bond markets / S. Ghon Rhee
  • Reflections on the new financial system in Japan: participation costs, wealth distribution and security market-based intermediation / Yukinobu Kitamura [and others].