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Wednesday, May 6, 2020 | History

2 edition of Policy-based finance and financial sector development in Japan found in the catalog.

Policy-based finance and financial sector development in Japan

Dimitri Vittas

Policy-based finance and financial sector development in Japan

by Dimitri Vittas

  • 230 Want to read
  • 23 Currently reading

Published by World Bank, Financial Sector Development Dept. in Washington, D.C .
Written in English

    Places:
  • Japan,
  • Japan.
    • Subjects:
    • Fiscal policy -- Japan.,
    • Finance -- Japan.,
    • Industrial policy -- Japan.,
    • Japan -- Economic policy -- 1945-

    • Edition Notes

      Other titlesPolicy-based finance, financial regulation, and financial sector development in Japan
      StatementDimitri Vittas and Akihiko Kawaura.
      SeriesPolicy research working paper ;, 1443, Policy research working papers ;, 1443.
      ContributionsKawaura, Akihiko., World Bank. Financial Sector Development Dept.
      Classifications
      LC ClassificationsHG3881.5.W57 P63 no. 1443
      The Physical Object
      Pagination55 p. ;
      Number of Pages55
      ID Numbers
      Open LibraryOL908209M
      LC Control Number95202624
      OCLC/WorldCa32576760

      This book contains a selection of the major presentations from the conference: "Policy-Based Finance and Alternatives for Financial Market Development" held in Rio de Janeiro, Brazil in early Economic Analysis of Policy-Based Operations: Key Dimensions ix GLOSSARY Advisory Technical Assistance (ADTA). Advisory supportthat may include training, which is usually extended in a sector- or economy-wide context for institution building. It usually assists a country in establishing and strengthening institutions; in preparing national and.

      The Asian Banker’s Association (ABA). “The regulatory and business environment for risk management practices in the banking sector of APEC economies,” was conducted in collaboration with the Pacific Economic Co-operation Council (PECC), and the Chinese Taipei Pacific Economic Co-operation Committee (CTPECC). Abstract. Since the mids, considerable interest has focused on the link between the financial sector and economic growth. Most empirical studies have concluded that development of the financial sector accelerates economic growth (for example, Levine ; Thiel ; Wachtel ).Cited by: 7.

      This book analyzes how the bank-dominated financial system—a key element of the oft-heralded "Japanese economic model"—broke down in the s and spawned sweeping reforms. Japan's financial institutions and policy underwent remarkable change in the past decade. The country began the s with a heavily regulated financial system managed by an unchallenged Ministry of Finance . ISBN: X OCLC Number: Description: xiv, pages: illustrations ; 23 cm: Contents: General survey / Tokue Shibata --The public sector in the national economy / Makoto Takahashi --The development and present state of public finance / Yukio Noguchi --National finance administration / Takashi Kato --The general account .


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Policy-based finance and financial sector development in Japan by Dimitri Vittas Download PDF EPUB FB2

Policy-based finance, financial regulation, and financial sector development in Japan (English) Abstract. The authors state the Japanese government's role in creating a macroeconomic and financial environment conducive to rapid industrialization went beyond maintaining price by: 3.

The government created a stable but segmented and tightly regulated financial system that favored the financing of industry over other sectors of economic activity.

Lending practices, the direction of policy-based finance, and the structure of Japan's financial system changed over time, but one thing stayed constant: the authorities' vision. On the other hand, the Japanese policy-based finance system is one of the most successful.

In channeling funds to the private sector, the Fiscal Investment and Loan Program (FILP) and the Japan Development Bank (JDB) were instrumental in the high economic performance of Japan in. Policy-based finance, financial regulation, and financial sector development in Japan: Responsibility: Dimitri Vittas and Akihiko Kawaura.

The government created a stable but segmented and tightly regulated financial system that favored the financing of industry over other sectors of economic activity. Lending practices, the direction of policy based finnance, and the structure of Japan's financial system changed over time, but one thing stayed constant: the authorities'vision.

Policy-based finance, financial regulation, and financial sector development in Japan Policy-based finance, financial regulation, and financial sector development in Japan: Responsibility: Dimitri Vittas and Akihiko Kawaura. Policy-based finance has a mixed record worldwide. On the one hand, it has often not been successful either at raising the level of aggregate investment or at intermediating funds efficiency.

On the other hand, the Japanese policy-based finance system is one of the most by: 9. CiteSeerX - Document Details (Isaac Councill, Lee Giles, Pradeep Teregowda): This paper-- a product of the Financial Sector Development Department-- is part of a project to study the effectiveness of credit policies in East Asia.

Copies of the paper are available free from the World Bank, H Street lxlT/, Washington, DC Please contact Priscilla Infante, room G, extension POLICY-BASED FINANCE AND FINANCIAL SECTOR DEVELOPMENT IN JAPAN Dimitri Vittas and Akihiko Kawaura L INTRODUCTION The purpose of this paper is to offer a consistent and comprehensive analysis of some salient features of Japanese financial practice in the postwar reconstruction and high growth era.

Policy-based finance, financial regulation, and financial sector development in Japan and the structure of Japan's financial system changed over time, but one thing stayed constant: the authorities'vision.

Some observers maintain that Japanese policies - emphasizing the development of internationally competitive industries - retarded Author: Dimitri Vittas and Akihiko Kawaura. " Policy-based finance, financial regulation, and financial sector development in Japan," Policy Research Working Paper SeriesThe World Bank.

Ewa Karwowski & Mimoza Shabani & Engelbert Stockhammer, " Financialisation: Dimensions and determinants. on policy-based lending, financial sector development and industrialization including very detailed studies of policy-based finance in postwar Japan and Korea; and empirical work using a large sample of firm-level data on the effectiveness of credit policies in Japan.

The Global Financial Development Database is an extensive dataset of financial system characteristics for economies. It contains annual data, starting from It has been last updated in September and contains data through for indicators, capturing various aspects of financial institutions and markets.

This paper -- a product of the Financial Sector Development Department -- is part of a larger effort in the department to study the effectiveness of policy-based finance in East Asia. More Related Regions: East Asia and Pacific, South Asia.

Financial sector and capital market development, including microfinance, small and medium-sized enterprises, and regulatory reforms, is vital to decreasing poverty in Asia and the Pacific. Since the Asian financial crisis inthe region’s financial sector has strengthened significantly.

Either way, the government sector represented by the BOJ and GPIF will become the top two players in Japan’s stock market. Like the bond market, this is a fairly distorted market structure. This paper a product of the Finance and Private Sector Development Division, Policy Research Department is part of a larger effort in the department to study stock market development.

The study was funded by the Bank's Research Support Budget under the research project Stock Market Development and Financial Intermediary Growth (RPO ). Leora Klapper is a Lead Economist in the Finance and Private Sector Research Team of the Development Research Group at the World Bank.

Since joining the Bank as a Young Economist inshe has published on entrepreneurship, banking, access to finance, corporate governance, bankruptcy, and risk management. The authors examine the effect of policy-based finance for the period for Japan ' s machine tool industry, an industry with high potential spillover effects on technological innovation and learning.

They found that directed credit may have helped to promote investment among postwar Japanese machine tool. Financial literacy is gaining increasing importance as a policy objective in many countries.

However, internationally comparable information on financial literacy is still scarce. Recently, the Bank of Japan conducted a major survey of financial literacy and financial behavior cover individuals aged from 18 to Cited by: 2.

Policy-Based Finance, Financial Regulation, and Financial Sector Development in Japan. This paper-- a product of the Financial Sector Development Department-- is part of a project to study the effectiveness of credit policies in East Asia.

Copies of the paper are available free from the World Bank, H Street lxlT/, Washington, DC Private Sector Participation; Urban Transport Finance is Still a Fresh Concept in the Market-Oriented Economy in Vietnam.

The Development Role of Financing; Domestic Financial Institutions and their Role in Development; The Experience of Japanese Policy-Based Finance After the Second.Enter the password to open this PDF file: Cancel OK. File name: .