Suchergebnisse

Pt. I: Keiretsu and competition. Vertical organisation versus markets. Sheard, Paul: Keiretsu and market access. An economics of organisation approach. Ariga, Kenn ; Ohkusa, Yasushi: Price formation and the structure of the distribution system. Pt. II: Corporate governance structures. Garvey, Gerald T. ; Swan, Peter L.: Corporate governance and employment incentives. Is the Japanese system really different? Sheard, Paul: Reciprocal delegated monitoring in the main bank system. Gower, Luke: Moral hazard and main bank monitoring. Sheard, Paul: Banks, blockholders and corporate governance. The role of external appointees to the board. Pt. III: The financial system. Present and future. Ide, Masasuke: The financial system and corporate competitiveness. Hoshi, Takeo: The impact of financial deregulation on corporate financing. Horiuchi, Akiyoshi: Financial liberalisation and the safety net. Brouwer, Gordon de: Deregulation and the structure of the money market

As Japan's decade-long economic stagnation continues, there has been much analysis of the immediate macroeconomic problems that confront the Japanese economy. This book looks past the short-run challenges to the future of Japan and highlights the intermediate and longer-term issues that country faces. In this, the first book-length academic treatment of this important issue, a team of notable contributors present nine papers, offering a comprehensive assessment of those economic difficulties and addressing a range of specific issues, from financial restructuring and the impact of the aging Japanese population to corporate behavior, public lending, employment practices, and innovative capacity. In each paper, contributors clearly identify and outline problems and concerns, carefully pose provocative questions, and in many instances present concrete suggestions for improvement. The resulting volume is a timely and important examination of critical issues for Japan's stalling economy, packed with both telling data and expert analysis and offering valuable perspectives on Japan's current obstacles