| 书目名称 | Crisis and Change in the Japanese Financial System | | 编辑 | Takeo Hoshi,Hugh Patrick | | 视频video | http://file.papertrans.cn/240/239837/239837.mp4 | | 丛书名称 | Innovations in Financial Markets and Institutions | | 图书封面 |  | | 描述 | At the start of the twenty-first century, the Japanesefinancial system is undergoing a major transformation. This process isspurred by a sense of crisis. Dominated by large institutions, theJapanese banking system has suffered from serious problems withnon-performing loans since the early 1990s, when the Japanese stockmarket and urban real estate market both crashed. Delays in respondingto these twin asset bubbles, by both regulatory authorities and thebanks themselves, made matters worse and led to a banking crisis inlate 1997 and early 1998. Not anticipating this setback, in late 1996the Japanese government inaugurated its Big Bang of comprehensivefinancial deregulation designed to complete the process of creating`free, fair, and open financial markets‘. Beginning in late 1998 andearly 1999 the government finally embarked on a major rehabilitationof the Japanese banking system, including making available some Yen 60trillion (approximately USD 500 billion) of government funds torecapitalize fifteen major banks, adequately fund the depositinsurance program, and write off the bad loans of nationalized orbankrupted banks. One result of this reform process is that theMinistry of Finan | | 出版日期 | Book 2000 | | 关键词 | Banking; Banking Crisis; Finance; Financial Market; Financial Markets; Funds; Investment | | 版次 | 1 | | doi | https://doi.org/10.1007/978-1-4615-4395-4 | | isbn_softcover | 978-1-4613-6977-6 | | isbn_ebook | 978-1-4615-4395-4 | | copyright | Springer Science+Business Media New York 2000 |
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