In this book, Takeo Hoshi and Anil Kashyap examine the history of the Japanese financial system, from its nineteenth-century beginnings through the collapse of the 1990s that concluded with sweeping reforms. Combining financial theory with new data and original case studies, they show why the Japanese financial system developed as it did and how its history affects its ongoing evolution.
The authors describe four major periods within Japan's financial history and speculate on the fifth, into which Japan is now moving. Throughout, they focus on four questions: How do households hold...
In this book, Takeo Hoshi and Anil Kashyap examine the history of the Japanese financial system, from its nineteenth-century beginnings through the...
This book offers the most systematic analysis available of the impact of European Central Bank monetary policy on the national economies of the Eurozone. There has been a large increase in research into better understanding how changes in monetary policy affect these economies since Central Banks have become accountable for meeting specific targets in inflation, output and employment. The research to date has largely focused on national central banks, pioneered by the study of the U.S. Federal Reserve Bank and the impacts of its policy decisions on the U.S. economy.
This book offers the most systematic analysis available of the impact of European Central Bank monetary policy on the national economies of the Eurozo...
