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OverviewBL Gives a definitive description and analysis of the main bank system BL Strong contributors BL Understudied subject BL Incorporates results of a major World Bank research programme BL Balances institutional description with financial theory and empirical analysis This volume looks at systems of corporate finance, concentrating on the Japanese main bank system. The remaining chapters describe different systems, assessing to what extent the Japanese system can serve as a model for developing market economies and transforming socialist economies. The basic characteristics of the main bank system are examined here, its roots, development, and its role in the heyday of its rapid growth. The volume looks at how the system has performed and at its strengths and weaknesses. It goes on to look at how the system has changed and what its approprate role is as deregulation, liberalization, and internationalization of Japan's financial markets have proceeded over the past two decades and a new issue securities market has emerged. A basic conclusion of the book is that banking-based systems are in most cases the most appropriate for industrial financing until a rather late stage of a country's economic and financial development. It aims to identify the conditions under which banks are better able that securites market institutions to evaluate the credit worthiness of borrowers and the viability of new projects, to monitor the ongoing performance of firms, and to rescue or liquidate firms in distress. Contributors: Masahiko Aoki, Theodor Baums, V.V.Bhatt, John Campbell, Yasushi Hamao, Toshihiro Horiuchi, Takeo Hoshi, Anil Kashyap, Dong-Wong Kim, Gary Loveman, Sang-Woo Nam, Frank Packer, Hugh Patrick, Yingyi Qian, Mark Ramseyer, Clark Reynolds, Satoshi Sunamura, Paul Sheard, Juro Teranishi, Kazuo Ueda, Full Product DetailsAuthor: Masahiko Aoki (Professor of Economics, Professor of Economics, Stanford and Kyoto Universities) , Hugh Patrick (Professor, Professor, Columbia University Business School)Publisher: Oxford University Press Imprint: Clarendon Press Dimensions: Width: 16.10cm , Height: 4.10cm , Length: 24.30cm Weight: 1.206kg ISBN: 9780198288992ISBN 10: 0198288999 Pages: 684 Publication Date: 16 February 1995 Audience: Professional and scholarly , Professional & Vocational Format: Hardback Publisher's Status: Active Availability: To order Stock availability from the supplier is unknown. We will order it for you and ship this item to you once it is received by us. Table of ContentsReviews[The book] presents a well-balanced mixture of the description of practices, theoretical analyses, and impirical evidence to comprehensively explain the main bank relationship in the context of the Japanese financial system. --Journal of Japanese Studies<br> <br> [The book] presents a well-balanced mixture of the description of practices, theoretical analyses, and impirical evidence to comprehensively explain the main bank relationship in the context of the Japanese financial system. --Journal of Japanese Studies<p><br> Author InformationTab Content 6Author Website:Countries AvailableAll regions |