A01=Jennifer Amyx
Acting (law)
Author_Jennifer Amyx
Bad debt
Bank
Bank failure
Bank of Japan
Bank run
Banking license
Bankruptcy
Basic law
Brokerage firm
Budget
Bureaucrat
Capital adequacy ratio
Cash management
Category=JPQB
Category=KFF
Central bank
Chaebol
Civil service
Collaboration
Commercial bank
Comparative advantage
Creditor Nation
Democratic Party of Japan
Deposit insurance
Discounts and allowances
Dodge Line
Earnings
Economic planning
Employment
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
eq_society-politics
Expenditure
External auditor
External debt
Forbearance
Fuji Bank
Government agency
Government bond
Gradualism
Great power
Institution
Legislation
Liberalization
Market (economics)
Miyazawa Kiichi
Monetary policy
Nikkei
Non-performing loan
Policy Network
Political economy
Postmaster
Private sector
Public company
Recapitalization
Recession
Reform
Regional bank
Regulation
Residence
Restructuring
Retail banking
Salary
Security (finance)
Share price
Smart contract
Social exchange theory
Tax
Thai baht
Tokyo Stock Exchange
Transaction account
Unemployment
World economy
Yoshida Doctrine
Product details
- ISBN 9780691128689
- Weight: 595g
- Dimensions: 152 x 235mm
- Publication Date: 03 Sep 2006
- Publisher: Princeton University Press
- Publication City/Country: US
- Product Form: Paperback
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At the beginning of the 1990s, a massive speculative asset bubble burst in Japan, leaving the nation's banks with an enormous burden of nonperforming loans. Banking crises have become increasingly common across the globe, but what was distinctive about the Japanese case was the unusually long delay before the government intervened to aggressively address the bad debt problem. The postponed response by Japanese authorities to the nation's banking crisis has had enormous political and economic consequences for Japan as well as for the rest of the world. This book helps us understand the nature of the Japanese government's response while also providing important insights into why Japan seems unable to get its financial system back on track 13 years later. The book focuses on the role of policy networks in Japanese finance, showing with nuance and detail how Japan's Finance Ministry was embedded within the political and financial worlds, how that structure was similar to and different from that of its counterparts in other countries, and how the distinctive nature of Japan's institutional arrangements affected the capacity of the government to manage change.
The book focuses in particular on two intervening variables that bring about a functional shift in the Finance Ministry's policy networks: domestic political change under coalition government and a dramatic rise in information requirements for effective regulation. As a result of change in these variables, networks that once enhanced policymaking capacity in Japanese finance became "paralyzing networks"--with disastrous results.
Jennifer Amyx is Assistant Professor of Political Science at the University of Pennsylvania.
