ABSTRACT

This book deliberates on some urgent issues that face the new architecture of the financial systems in Japan and East Asia. The book is broken into three sections:
*The role of financial institutions and markets in economic development in Japan and East Asia
*Issues in corporate governance and new technologies
*The designing of efficient financial systems
With contributions from leading Asian economics experts based around the world, this book will be useful to both scholars and professionals with an interest in financial systems, corporate financing and governance.

chapter |16 pages

Introduction: globalization, financial technology and growth phase – some thoughts on redesigning financial systems in East

Globalization, financial technology and growth phase – some thoughts on redesigning financial systems in East Asia and Japan

part |2 pages

Part I Financial institutions and financial markets in Japan and

chapter 2|37 pages

The role of long-term funds for economic development

Empirical evidence in Japan, Korea and Taiwan

part |2 pages

Part II Issues in governance of corporate sector and new technology

part |2 pages

Part III Toward a new design of financial system

chapter 12|19 pages

Toward an incentive compatible financial system

Accounting and managing the non-performing loans

chapter 14|51 pages

Reflections on the new financial system in Japan

Participation costs, wealth distribution and security market- based intermediation