Financial Stabilization In Meiji Japan

Author : Steven J. Ericson
Publisher : Cornell University Press
ISBN 13 : 1501746936
Total Pages : 141 pages
Book Rating : 4.32/5 ( download)

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Download or read book Financial Stabilization in Meiji Japan written by Steven J. Ericson and published by Cornell University Press. This book was released on 2020-02-15 with total page 141 pages. Available in PDF, EPUB and Kindle. Book excerpt: With a new look at the 1880s financial reforms in Japan, Steven J. Ericson's Financial Stabilization in Meiji Japan overturns widely held views of the program carried out by Finance Minister Matsukata Masayoshi. As Ericson shows, rather than constituting an orthodox financial-stabilization program—a sort of precursor of the "neoliberal" reforms promoted by the IMF in the 1980s and 1990s—Matsukata's policies differed in significant ways from both classical economic liberalism and neoliberal orthodoxy. The Matsukata financial reform has become famous largely for the wrong reasons, and Ericson sets the record straight. He shows that Matsukata intended to pursue fiscal retrenchment and budget-balancing when he became finance minister in late 1881. Various exigencies, including foreign military crises and a worsening domestic depression, compelled him instead to increase spending by running deficits and floating public bonds. Though he drastically reduced the money supply, he combined the positive and contractionary policies of his immediate predecessors to pull off a program of "expansionary austerity" paralleling state responses to financial crisis elsewhere in the world both then and now. Through a new and much-needed recalibration of this pivotal financial reform, Financial Stabilization in Meiji Japan demonstrates that, in several ways, ranging from state-led export promotion to the creation of a government-controlled central bank, Matsukata advanced policies that were more in line with a nationalist, developmentalist approach than with a liberal economic one. Ericson shows that Matsukata Masayoshi was far from a rigid adherent of classical economic liberalism.

Author : Bartolomé Yun-Casalilla
Publisher : Cambridge University Press
ISBN 13 : 1107013518
Total Pages : 495 pages
Book Rating : 4.13/5 ( download)

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Download or read book The Rise of Fiscal States written by Bartolomé Yun-Casalilla and published by Cambridge University Press. This book was released on 2012-05-24 with total page 495 pages. Available in PDF, EPUB and Kindle. Book excerpt: Leading economic historians present a groundbreaking series of country case studies exploring the formation of fiscal states in Eurasia.

Author : Mark Spiegel
Publisher :
ISBN 13 :
Total Pages : 20 pages
Book Rating : 4.38/5 ( download)

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Download or read book The Impact of Japan's Financial Stabilization Laws on Bank Equity Values written by Mark Spiegel and published by . This book was released on 2001 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Sidney Xu Lu
Publisher : Cambridge University Press
ISBN 13 : 1108482422
Total Pages : 331 pages
Book Rating : 4.24/5 ( download)

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Download or read book The Making of Japanese Settler Colonialism written by Sidney Xu Lu and published by Cambridge University Press. This book was released on 2019-07-25 with total page 331 pages. Available in PDF, EPUB and Kindle. Book excerpt: Shows how Japanese anxiety about overpopulation was used to justify expansion, blurring lines between migration and settler colonialism. This title is also available as Open Access.

Author : Magnus Blomström
Publisher : Routledge
ISBN 13 : 113418056X
Total Pages : 240 pages
Book Rating : 4.61/5 ( download)

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Download or read book Institutional Change in Japan written by Magnus Blomström and published by Routledge. This book was released on 2006-08-21 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a new analysis of recent changes in important Japanese institutions. It addresses the origin, development, and recent adaptation of core institutions, including financial institutions, corporate governance, lifetime employment, and the amakudari system. After four decades of rapid economic growth in Japan, the 1990s saw the country enter a prolonged period of economic stagnation. Policy reforms were initially half-hearted, and businesses were slow to restructure as the global economy changed. The lagging economy has been impervious to aggressive fiscal stimulus measures and has been plagued by ongoing price deflation for years. Japan’s struggle has called into question the ability of the country’s economic institutions, originally designed to support factor accumulation and rapid development, to adapt to the new economic environment of the twenty-first century. This book discusses both historical and international comparisons including Meiji Japan, and recent economic and financial reforms in Korea, Scandinavia, Switzerland, and New Zealand, placing the current institutional changes in perspective. The contributors argue that, contrary to conventional wisdom that Japanese institutions have remained relatively rigid, there has been significant institutional change over the last decade.

Author : Rodney Edvinsson
Publisher :
ISBN 13 : 1107193109
Total Pages : 527 pages
Book Rating : 4.09/5 ( download)

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Download or read book Sveriges Riksbank and the History of Central Banking written by Rodney Edvinsson and published by . This book was released on 2018-05-24 with total page 527 pages. Available in PDF, EPUB and Kindle. Book excerpt: Offers a comprehensive analysis of the historical experiences of monetary policymaking of the world's largest central banks. Written in celebration of the 350th anniversary of the central bank of Sweden, Sveriges Riksbank. Includes chapters on other banks around the world written by leading economic scholars.

Author : Amy King
Publisher : Cambridge University Press
ISBN 13 : 1316668517
Total Pages : pages
Book Rating : 4.11/5 ( download)

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Download or read book China–Japan Relations after World War Two written by Amy King and published by Cambridge University Press. This book was released on 2016-06-06 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: A rich empirical account of China's foreign economic policy towards Japan after World War Two, drawing on hundreds of recently declassified Chinese sources. Amy King offers an innovative conceptual framework for the role of ideas in shaping foreign policy, and examines how China's Communist leaders conceived of Japan after the war. The book shows how Japan became China's most important economic partner in 1971, despite the recent history of war and the ongoing Cold War divide between the two countries. It explains that China's Communist leaders saw Japan as a symbol of a modern, industrialised nation, and Japanese goods, technology and expertise as crucial in strengthening China's economy and military. For China and Japan, the years between 1949 and 1971 were not simply a moment disrupted by the Cold War, but rather an important moment of non-Western modernisation stemming from the legacy of Japanese empire, industry and war in China.

Author : Flandreau Marc
Publisher : OECD Publishing
ISBN 13 : 9264015361
Total Pages : 144 pages
Book Rating : 4.64/5 ( download)

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Download or read book Development Centre Studies The Making of Global Finance 1880-1913 written by Flandreau Marc and published by OECD Publishing. This book was released on 2009-10-30 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book traces the roots of global financial integration in the first “modern” era of globalisation from 1880 to 1913 and can serve as a valuable tool to current-day policy dilemmas by using historical data to see which policies in the past led to enhanced international financing for development.

Author : Dani Rodrik
Publisher : Oxford University Press
ISBN 13 : 0199603332
Total Pages : 369 pages
Book Rating : 4.36/5 ( download)

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Download or read book The Globalization Paradox written by Dani Rodrik and published by Oxford University Press. This book was released on 2011-03-24 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: For a century, economists have driven forward the cause of globalization in financial institutions, labour markets, and trade. Yet there have been consistent warning signs that a global economy and free trade might not always be advantageous. Where are the pressure points? What could be done about them?Dani Rodrik examines the back-story from its seventeenth-century origins through the milestones of the gold standard, the Bretton Woods Agreement, and the Washington Consensus, to the present day. Although economic globalization has enabled unprecedented levels of prosperity in advanced countries and has been a boon to hundreds of millions of poor workers in China and elsewhere in Asia, it is a concept that rests on shaky pillars, he contends. Its long-term sustainability is not a given.The heart of Rodrik>'s argument is a fundamental 'trilemma': that we cannot simultaneously pursue democracy, national self-determination, and economic globalization. Give too much power to governments, and you have protectionism. Give markets too much freedom, and you have an unstable world economy with little social and political support from those it is supposed to help. Rodrik argues for smart globalization, not maximum globalization.

Author : NA NA
Publisher : Springer
ISBN 13 : 0230508782
Total Pages : 153 pages
Book Rating : 4.81/5 ( download)

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Download or read book Special Corporations and the Bureaucracy written by NA NA and published by Springer. This book was released on 2003-08-29 with total page 153 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book reveals how the Japanese national ministries can exploit their Special Status Corporations (public corporations, supported primarily with public funding from a state-run banking agency) in order to intensify their administrative power over industries and local governments and to perpetuate the interests of elite civil servants by facilitating the migration to post-retirement positions in the private sector. The book explains why the existence of these organizations inhibits the Prime Ministers efforts to implement structural reforms.