Arbeitspapier

Japan's Financial Markets: The Lost Decade

Recent debates about the state of Japan's financial system focus on the weakness of Japanese banks. But, in the complex financial relations of an advanced economy bank finance cannot be seen separate from other forms of financial intermediation. Despite the reform efforts under the Big Bang program, financial markets in Japan show severe signs of malfunctioning, distortion and backwardness. The paper gives an overview of the current state of markets for money, bonds, equities and derivatives arguing that for reform to become successful measures to develop an entirely different market culture were needed. It calls for a redefinition of the role of interest groups in the financial intermediation process – including the role of government.

Sprache
Englisch

Erschienen in
Series: HWWA Discussion Paper ; No. 231

Klassifikation
Wirtschaft
Central Banks and Their Policies
Fiscal Policy
General Financial Markets: General (includes Measurement and Data)
Economic History: Financial Markets and Institutions: Asia including Middle East
Thema
Finanzmarkt
Finanzintermediär
Finanzsektor
Wirtschaftliche Instabilität
Bankenreform
Japan

Ereignis
Geistige Schöpfung
(wer)
Reszat, Beate
Ereignis
Veröffentlichung
(wer)
Hamburg Institute of International Economics (HWWA)
(wo)
Hamburg
(wann)
2003

Handle
Letzte Aktualisierung
10.03.2025, 11:44 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Reszat, Beate
  • Hamburg Institute of International Economics (HWWA)

Entstanden

  • 2003

Ähnliche Objekte (12)