Download or read book Developments in Land Prices and Bank Lending in Interwar Japan written by Takashi Nanjo and published by . This book was released on 2002 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Development in Land Prices and Bank Lending in Interwar Japan written by Takashi Nanjo and published by . This book was released on 2002 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Macroeconomic Analysis and International Finance written by Georgios P. Kouretas and published by Emerald Group Publishing. This book was released on 2014-02-20 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: Banking sector transformation, economic growth and inequality and exchange rate arrangements are critical issues whose importance has been highlighted during the recent financial crisis. This volume contains new research on the relationships between economic growth, inequality and the financial sector.

Download or read book Monetary and Economic Studies written by and published by . This book was released on 2009 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Historical Performance of the Federal Reserve written by Michael D. Bordo and published by Hoover Press. This book was released on 2019-06-01 with total page 718 pages. Available in PDF, EPUB and Kindle. Book excerpt: Distinguished economist Michael D. Bordo argues for the importance of monetary stability and monetary rules, offering theoretical, empirical, and historical perspectives to support his case. He shows how the pursuit of stable monetary policy guided by central banks following rule-like behavior produces low and stable inflation, stable real performance, and encourages financial stability. In contrast, he explains how the failure to adhere to rules that produce monetary stability will inevitably produce the dire consequences of real, nominal, and financial instability. Bordo also examines the performance of the Federal Reserve and he reviews the history of monetary policy during the Great Depression.

Download or read book A Brief History of Doom written by Richard Vague and published by University of Pennsylvania Press. This book was released on 2019-03-25 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial crises happen time and again in post-industrial economies—and they are extraordinarily damaging. Building on insights gleaned from many years of work in the banking industry and drawing on a vast trove of data, Richard Vague argues that such crises follow a pattern that makes them both predictable and avoidable. A Brief History of Doom examines a series of major crises over the past 200 years in the United States, Great Britain, Germany, France, Japan, and China—including the Great Depression and the economic meltdown of 2008. Vague demonstrates that the over-accumulation of private debt does a better job than any other variable of explaining and predicting financial crises. In a series of clear and gripping chapters, he shows that in each case the rapid growth of loans produced widespread overcapacity, which then led to the spread of bad loans and bank failures. This cycle, according to Vague, is the essence of financial crises and the script they invariably follow. The story of financial crisis is fundamentally the story of private debt and runaway lending. Convinced that we have it within our power to break the cycle, Vague provides the tools to enable politicians, bankers, and private citizens to recognize and respond to the danger signs before it begins again.

Download or read book The Effects of Japanese Monetary Policy Shocks on Exchange Rates written by Kyungho Jang and published by . This book was released on 2002 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book New International Financial Arrangements written by Allan H. Meltzer and published by . This book was released on 2002 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Exchange Rates and Adjustment written by Maurice Obstfeld and published by . This book was released on 2002 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book 104 1 Hearing The Japanese Financial System 104 38 October 16 1995 written by and published by . This book was released on 1996 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Economic Developments and Monetary Policy Responses in Interwar Japan written by Masato Shizume and published by . This book was released on 2002 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Part paid Stock Corporate Finance and Investment written by Takashi Nanjo and published by . This book was released on 2009 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Under Japan's prewar capital stock system of joint-stock companies, rather than paying the full face value of a share in one lump sum, shareholders paid for stocks in multiple installments. This system was transplanted from industrialized Western nations during the Meiji Era to make it easier for investors to buy company shares and to promote capital concentrations. As part of our study, we construct a new corporate financial data set with data on supplementary installments encompassing 174 firms and estimate cross-sectional investment functions for the fiscal year of 1932. Regression results suggest that while corporate investments were subject to liquidity and debt constraints, supplementary installments stabilized corporate cash management and promoted corporate investment activities."--Author's abstract.

Download or read book Asset Bubbles Monetary Policy and Bank Lending in Japan written by Amy Basile and published by . This book was released on 2018 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Asset prices rose rapidly in Japan during the latter half of the 1980s, and then declined as quickly in the early 1990s. The increases in stock and land prices during this period exceeded the growth that would be consistent with changes in their fundamental determinants and are evidence of the existence of speculative bubbles. This paper investigates the dynamic relationships among stock and land prices in Japan, output, and monetary and bank lending variables. We first model and empirically trace stock and land market bubbles. We then estimate vector autoregressions (VARs) for two time periods: 1971-85 and 1986-91, the bubble period. We use these models to perform tests of causality among the variables and to report the results of variance decompositions. The price bubbles affected each other in the first period, although this impact is dependent on the choice of variables in the VARs. In the bubble period, there is strong evidence that the stock market bubble was determined by its own past and also influenced the land market bubble, accounting for a significant proportion of the variance of the land market bubble. These results are robust with respect to model specification. However, neither output, the money supply nor the bank lending variables were significant in the causality tests or in explaining the variation of the two asset bubbles.

Download or read book The Effect of Bank Credit on Asset Prices written by Nada Mora and published by . This book was released on 2005 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Exchange Rate Arrangements in East Asia written by Masahiro Kawai and published by . This book was released on 2002 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Aanwinsten van de Centrale Bibliotheek Queteletfonds written by Bibliothèque centrale (Fonds Quetelet) and published by . This book was released on 2004 with total page 690 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Explaining Asset Bubbles in Japan written by Takatoshi Itō and published by . This book was released on 1995 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the stock and land price behaviors during the bubble economy period (the second half of the 1980s), paying considerable attention to the linkage of the two markets and the effects of monetary policy. In particular, we examine whether the booms in these asset prices can be justified by changes of the fundamental economic variables such as the interest rates or the growth of the real economy. A complex chain of events is needed to explain the process of asset price inflation and deflation. Our empirical results suggest (i) that the initial increases of asset prices are sown by a sharp increase in bank lending to real estate; (ii) that a considerable comovement between stock and land prices is consistent with a theory that emphasizes the relationship between the collateral value of land and cash flow for constrained firms; (iii) that although the real economy was doing well and the interest rates were still low, asset price increases from mid-1987 to mid-1989 cannot be fully justified by the movement of fundamentals alone; and (iv) the stock price increase in the second half of 1989 and the land price increase in 1990 is not explained by any asset pricing model based on fundamentals or rational bubbles.