{"product_id":"corporate-financing-and-governance-in-japan-the-road-to-the-future-paperback","title":"Corporate Financing and Governance in Japan: The Road to the Future - Paperback","description":"\u003cdiv\u003e\u003cp style=\"text-align: right;\"\u003e\u003ca href=\"https:\/\/reportcopyrightinfringement.com\/\" target=\"_blank\" rel=\"nofollow\"\u003e\u003cb\u003eReport copyright infringement\u003c\/b\u003e\u003c\/a\u003e\u003c\/p\u003e\u003c\/div\u003e\u003cp\u003eby \u003cb\u003eTakeo Hoshi\u003c\/b\u003e (Author), \u003cb\u003eAnil K. Kashyap\u003c\/b\u003e (Author), \u003cb\u003eStanley Fischer\u003c\/b\u003e (Foreword by)\u003c\/p\u003e\u003cp\u003eIn this book, Takeo Hoshi and Anil Kashyap examine the history of the Japanese financial system, from its nineteenth-century beginnings through the collapse of the 1990s that concluded with sweeping reforms. Combining financial theory with new data and original case studies, they show why the Japanese financial system developed as it did and how its history affects its ongoing evolution.\u003c\/p\u003e\u003cp\u003eThe authors describe four major periods within Japan's financial history and speculate on the fifth, into which Japan is now moving. Throughout, they focus on four questions: How do households hold their savings? How is business financing provided? What range of services do banks provide? And what is the nature and extent of bank involvement in the management of firms? The answers provide a framework for analyzing the history of the past 150 years, as well as implications of the just-completed reforms known as the \"Japanese Big Bang.\"\u003c\/p\u003e\u003cp\u003eHoshi and Kashyap show that the largely successful era of bank dominance in postwar Japan is over, largely because deregulation has exposed the banks to competition from capital markets and foreign competitors. The banks are destined to shrink as households change their savings patterns and their customers continue to migrate to new funding sources. Securities markets are set to re-emerge as central to corporate finance and governance.\u003c\/p\u003e\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003eTakeo Hoshi is Professor of Economics at the University of Tokyo and coauthor of \u003ci\u003eCorporate Finance and Governance in Japan: The Road to the Future\u003c\/i\u003e (MIT Press).\u003ci\u003e \u003c\/i\u003e \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003eAnil K Kashyap is Edward Eagle Brown Professor of Economics and Finance and Richard N. Rossett Faculty Fellow at the University of Chicago Booth School of Business. He is the coauthor of \u003ci\u003eCorporate Financing and Governance in Japan: The Road to the Future\u003c\/i\u003e (MIT Press, 2001). \u003cp\u003e\u003c\/p\u003eStanley Fischer is former Governor of the Bank of Israel and has been nominated as Vice Chair of the Federal Reserve]. He is the author of \u003ci\u003eIMF Essays from a Time of Crisis: The International Financial System, Stabilization, and Development \u003c\/i\u003e(MIT Press).\n            \u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 378\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 0.76 x 8.6 x 5.62 IN\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e January 31, 2004\u003c\/div\u003e\n            ","brand":"BooksCloud","offers":[{"title":"Default Title","offer_id":43340550701191,"sku":"9780262582483","price":81.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0601\/2623\/2711\/files\/TjfIpZPcKa9780262582483.webp?v=1760824212","url":"https:\/\/booksby.splitshops.com\/products\/corporate-financing-and-governance-in-japan-the-road-to-the-future-paperback","provider":"Books by splitShops","version":"1.0","type":"link"}