Japan's Financial Crisis (eBook)

Institutional Rigidity and Reluctant Change

Jennifer Amyx (Autor)

eBook Download: PDF

2013
Princeton University Press (Verlag)
978-1-4008-4963-5 (ISBN)

Infos

Jennifer Amyx is Assistant Professor of Political Science at the University of Pennsylvania.

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At the beginning of the 1990s, a massive speculative asset bubble burst in Japan, leaving the nation's banks with an enormous burden of nonperforming loans. Banking crises have become increasingly common across the globe, but what was distinctive about the Japanese case was the unusually long delay before the government intervened to aggressively address the bad debt problem. The postponed response by Japanese authorities to the nation's banking crisis has had enormous political and economic consequences for Japan as well as for the rest of the world. This book helps us understand the nature of the Japanese government's response while also providing important insights into why Japan seems unable to get its financial system back on track 13 years later. The book focuses on the role of policy networks in Japanese finance, showing with nuance and detail how Japan's Finance Ministry was embedded within the political and financial worlds, how that structure was similar to and different from that of its counterparts in other countries, and how the distinctive nature of Japan's institutional arrangements affected the capacity of the government to manage change. The book focuses in particular on two intervening variables that bring about a functional shift in the Finance Ministry's policy networks: domestic political change under coalition government and a dramatic rise in information requirements for effective regulation. As a result of change in these variables, networks that once enhanced policymaking capacity in Japanese finance became "e;paralyzing networks"e;--with disastrous results.

Produkt-Details

• Erscheint lt. Verlag: 31.10.2013
• Zusatzinfo: 10 line illus. 15 tables
• Verlagsort: Princeton
• Sprache: englisch
• Themenwelt: Sachbuch/Ratgeber ► Beruf / Finanzen / Recht / Wirtschaft ► Wirtschaft
• Themenwelt: Geschichte ► Allgemeine Geschichte ► Zeitgeschichte
• Themenwelt: Geisteswissenschaften ► Geschichte ► Regional- / Ländergeschichte
• Themenwelt: Geschichte ► Teilgebiete der Geschichte ► Wirtschaftsgeschichte
• Themenwelt: Recht / Steuern ► Steuern / Steuerrecht
• Themenwelt: Sozialwissenschaften ► Politik / Verwaltung ► Staat / Verwaltung
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
• Themenwelt: Betriebswirtschaft / Management ► Spezielle Betriebswirtschaftslehre ► Bankbetriebslehre
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre ► Wirtschaftspolitik
• Schlagworte: 1979 energy crisis • Accounting scandals • Acting (law) • Asset Management • Bad Bank • Bad debt • Bailout • balance sheet • Bank • bank failure • Banking license • Bank of Japan • Bank regulation • bank run • Bankruptcy • Basic Law • bilateral trade • bribery • Brokerage firm • Budget • bureaucrat • business sector • Cabinet reshuffle • Capital adequacy Ratio • capital injection • Career • Cash Management • Central Bank • chaebol • civil service • Coalition Government • Collaboration • Commercial Bank • Commercial code (communications) • Comparative Advantage • Corporate donations • corporate tax • Credit Control • Credit Crunch • Credit (finance) • Creditor Nation • Credit rationing • Debt Restructuring • decentralization • Democratic Party of Japan • deposit insurance • Developmental state • Discounts and allowances • dividend • Dodge Line • Earnings • Economic history of Japan • economic interventionism • Economic planning • economic reconstruction • Economics • economic stagnation • emergency fund • Employment • Expenditure • Expense • External Auditor • External Debt • Externality • Financial Crisis • Financial crisis of 2007–08 • Financial Distress • financial fragility • Financial Market • forbearance • Fuji Bank • Funding • government agency • Government bond • gradualism • Grant (money) • Great Power • Guarantee • Headquarters • incrementalism • Information asymmetry • Insolvency • Institution • institutional investor • Interest Rate • International business • Investment • Japanese financial system • Job Security • Legislation • Liberalization • Liquidity Crisis • loan shark • Long-Term Capital Management • Long-Term Credit Bank of Japan • Market (economics) • Masahiko Aoki • Miyazawa Kiichi • monetary policy • name recognition • Nationalization • New Public Management • nikkei • Nixon shock • Non-Performing loan • Plaza Accord • policy network • Political Economy • political machine • Politician • Postmaster • private sector • Prompt Corrective Action • Public Company • public disclosure • randomness • recapitalization • Recession • Recruit scandal • Reform • Regional bank • Regulation • residence • Restructuring • Retail Banking • ruble • salary • Sarbanes–Oxley Act • Savings and loan crisis • Securities and Exchange Surveillance Commission • Security (finance) • Share Price • Smart Contract • Social Exchange Theory • solvency • Speculative attack • Suharto • supermajority • Tax • Tax Reform • Thai baht • Tight Monetary Policy • Tokyo Stock Exchange • Transaction account • Unemployment • Waiver • World Economy • write-off • Yoshida Doctrine • Zaibatsu
• ISBN-10: 1-4008-4963-2 / 1400849632
• ISBN-13: 978-1-4008-4963-5 / 9781400849635