Reflections on New Financial System in Japan: Participation Costs, Wealth Distribution,and Security Market-Based Intermediation
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Note: September 12, 2001; 6th Revision July 3, 2002, This paper was presented at the conference on Designing Financial Systems in East Asia and Japan: Toward a Twenty-First Century Paradigm. This two-day conference was co-organized by the International Monetary Fund and the CEI. It was held during September 24-25, 2001 at Hitotsubashi Memorial Hall in Tokyo, Japan. A select group of academics, researchers and policy makers from around the world gathered to examine the timely issue of how the financial systems and corporate governance in East Asia and Japan should be redesigned in order to achieve sustainable economic development. The conference included six sessions with 17 papers. All the presented papers were added to the CEI series of working papers. The series, as well as the contents of the conference, can be reached at http://cei.ier.hit-u.ac.jp.
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More about this item
Keywords
financial intermediary; financial system; banking; participation costs; intermediated ownership; wealth distribution;All these keywords.
JEL classification:
- G1 - Financial Economics - - General Financial Markets
- G2 - Financial Economics - - Financial Institutions and Services
- E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
- L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior
- N2 - Economic History - - Financial Markets and Institutions
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