内容

目次

Part 1: Financial Institutions and Financial Markets in Japan and EastAsia; 1. Can the Financial Restraint Theory Explain the Postwar Experience ofJapan's Financial System? Masaharu Hanazaki and Akiyoshi Horiuchi; 2. TheRole of Long-term Funds for Economic Development: Empirical Evidence inJapan, Korea, and Taiwan Shin-ichi Fukuda; 3. Japanese Economic Success andthe Curious Characteristics of Japanese Stock Prices Randall Morck andBernard Yeung; 4. Japanese Securities Firms, Business Corporations, andFinancial Institutions: A Comparison of their Investing Behavior Kenneth A.Kim and John R. Nofsinger; 5. Financial Deregulations, Weakness of MarketDiscipline, and Market Development: Japan's Experience Mitsuhiro Fukao; 6.Macroeconomic Effects of Capital Adequacy Regulation in Japan HeatherMontgomery; Part 2: Issues in Governance of Corporate Sector and NewTechnology; 7. The Financing and Governance of New Technologies Colin Mayer;8. The Benefits and Costs of Internal Markets: Evidence from Asia's FinancialCrisis Stijn Claessens, Simeon Djankov, Joseph P.H.Fan, and Larry H.P.Lang;9. Large Shareholders and Banks: Who Monitors and How? Yishay Yafeh and OvedYosha; 10. Did Families Lose or Gain Control after the East Asian FinancialCrisis? Anya Khanthavit, Piruna Polsiri, and Yupana Wiwattanakantang; 11. TheDeterminants of Executive Compensation in Japan and the UK: Agency Hypothesisor Joint Determination Hypothesis? Katsuyuki Kubo; Part 3: Toward a NewDesign of Financial System; 12. Towards an Incentive Compatible FinancialSystem: Accounting and Managing the Non-Performing Loans Akio Kuroda andKoichi Hamada; 13. Further Reforms of the JGB Market for the Promotion ofRegional Bond Markets S. Ghon Rhee; 14. Reflections on New Financial Systemin Japan: Participation Costs, Wealth Distribution, and Security Market-BasedIntermediation Yukinobu Kitamura, Megumi Suto, and Juro Teranishi