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020 _a9789811595981
_9978-981-15-9598-1
024 7 _a10.1007/978-981-15-9598-1
_2doi
050 4 _aHB172.5
072 7 _aKCB
_2bicssc
072 7 _aBUS039000
_2bisacsh
072 7 _aKCB
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082 0 4 _a339
_223
100 1 _aHimino, Ryozo.
_eauthor.
_4aut
_4http://id.loc.gov/vocabulary/relators/aut
245 1 4 _aThe Japanese Banking Crisis
_h[electronic resource] /
_cby Ryozo Himino.
250 _a1st ed. 2021.
264 1 _aSingapore :
_bSpringer Nature Singapore :
_bImprint: Palgrave Macmillan,
_c2021.
300 _aXI, 121 p. 20 illus.
_bonline resource.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
505 0 _aChapter 1. Introduction -- Chapter 2. Bubbles -- Chapter 3. Pricking Bubbles -- Chapter 4. In-between Years -- Chapter 5. Crisis -- Chapter 6. Restructuring banks and borrowers -- Chapter 7. What Japan gained and lost.
506 0 _aOpen Access
520 _a“Himino Ryozo has provided analysis of the 97-98 Japanese banking crisis that is clear, concise and compelling. Himino-san examines the causes, consequences and – most importantly – the lessons learnt from a traumatic period in Japanese financial history. He does so with the benefit of a career spent at the forefront of financial policy-making, both in Japan and internationally. It is often said ‘History doesn’t repeat itself, but it often rhymes.’ Many attributes of the Japanese banking crisis have, at their heart, difficult choices, missed opportunities and occasional failings that are in no way unique to Japan. Himino-san’s examination of the Japanese crisis should therefore be valued reading not just for Japanese policymakers, but financial policymakers the world over. Financial crises are all-too-frequent, and extremely costly. This analysis provides useful insights as to how we might do better to reduce and combat the crises of the future.” – Wayne Byres, Chair, Australian Prudential Regulation Authority This open access book provides a readable narrative of the bubbles and the banking crisis Japan experienced during the two decades between the late 1980s and the early 2000s. Japan, which was a leading competitor in the world’s manufacturing sector, tried to transform itself into an economy with domestic demand-led mature growth, but the ensuing bubbles and crisis instead made the country suffer from chronicle deflation and stagnation. The book analyses why the Japanese authorities could not avoid making choices that led to this outcome. The chapters are based on the lectures to regulators from emerging economies delivered at the Global Financial Partnership Center of the Financial Services Agency of Japan. Himino Ryozo is the Commissioner of the Financial Services Agency, Japan’s integrated financial regulator, and the Chair of the Financial Stability Board’s Standing Committee on Supervisory and Regulatory Cooperation, a global forum of regulatory authorities, central banks, finance ministries, and standard-setting bodies. He served as the Secretary General of the Basel Committee on Banking Supervision from 2003 to 2006 and helped the Committee finalize the Basel II capital adequacy standards. He graduated from the University of Tokyo (LL.B.) and Harvard Business School (M.B.A.).
650 0 _aMacroeconomics.
650 0 _aDevelopment economics.
650 0 _aEconomic history.
650 0 _aEconomics.
650 1 4 _aMacroeconomics and Monetary Economics.
650 2 4 _aDevelopment Economics.
650 2 4 _aEconomic History.
650 2 4 _aPolitical Economy and Economic Systems.
710 2 _aSpringerLink (Online service)
773 0 _tSpringer Nature eBook
776 0 8 _iPrinted edition:
_z9789811595974
776 0 8 _iPrinted edition:
_z9789811595998
856 4 0 _uhttps://doi.org/10.1007/978-981-15-9598-1
912 _aZDB-2-ECF
912 _aZDB-2-SXEF
912 _aZDB-2-SOB
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