By Charles A. Goodhart, George Sutija
ISBN-10: 1349107476
ISBN-13: 9781349107476
ISBN-10: 1349107492
ISBN-13: 9781349107490
A number of papers offered on the overseas convention on jap monetary progress, held in London in October 1988. The papers conceal not just the topic of jap monetary improvement, but additionally the query of the way its most likely destiny styles may perhaps impact the worldwide capital market.
Read or Download Japanese Financial Growth PDF
Similar money & monetary policy books
Get Money, Distribution and Economic Policy: Alternatives to PDF
Funds, Distribution and fiscal coverage takes factor with the beside the point remedy of cash, powerful call for and distribution matters in glossy mainstream macroeconomics. It offers contributions that are severe of recent orthodoxy and which discover replacement techniques to macroeconomics and financial coverage research.
New PDF release: The Glitter of Gold: France, Bimetallism, and the Emergence
Hoping on new statistical and archival fabric, this ebook tells the tale of the operation of the overseas financial procedure of the mid-nineteenth century. It seeks to provide an explanation for how the program used to be in a position to climate the influence of the California and Australia gold discoveries.
- The cross of gold: Money and the Canadian business cycle, 1867-1913
- The Making of National Money: Territorial Currencies in Historical Perspective
- Post Keynesian Monetary Economics
- The Measurement of Monetary Policy
Additional info for Japanese Financial Growth
Sample text
Nevertheless Japanese banks' access to securities business in the Tokyo market is being gradually increased as a result of a series of policy relaxations by the MOF over the past decade. In 1979, banks were permitted to issue and deal in certificates of deposit; in 1981, the law governing banks' underwriting and distribution of government bonds was clarified, following which the MOF's restrictions in this area were also relaxed to the point where, since August 1987, banks have been permitted to sell government bonds on virtually the same basis as securities houses.
Finally, there are the beginnings of the breakdown in the distinction between banks and other types of financial institutions. I am also in agreement with Feldman's basic optimism about Japanese banking prospects, but I would suggest that the optimism should really be based on a rather different set of factors from those which he has suggested. 30 Comment In a period of rapid financial change it seems increasingly likely that it Will be difficult to understand the prospects for different types of institutions if we concentrate only on the characteristics of the assets and liabilities in which they deal.
Many large corporations are said to favour more flexible loans rate formulae as well, in order to avoid the costs of floating their own commercial paper. See Suzuki (1988) pp. 296-7. For an authoritative statement of this opinion, see Tachi (1988). See Feldman (1986) ch. 8 for a description of the timing of establishment of the interest parity relationship. This definition was somewhat narrower than those originally discussed, but still applied to 35 institutions, including city banks, trust banks, long-term credit banks, some local banks and several central organisations for credit co-operatives.
Japanese Financial Growth by Charles A. Goodhart, George Sutija
by Christopher
4.5