Abstract
The banking and financial crisis that started with the collapse of asset prices in 1990 and 1991 and dominated the 1990s stands in stark contrast to Japan’s previous postwar record of economic growth, financial stability, and progress toward financial liberalization.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Similar content being viewed by others
References
Aoki, Masahiko and Hugh Patrick, eds. 1994. The Japanese Main Banking System. Oxford: Oxford University Press.
Cargill, Thomas F. 1988. “Korea and Japan: The End of the Japanese Financial Regime.” In George Kaufman, ed, Bank Crisis: Causes, Analysis and Prevention. London: JAI Press, Inc.
Cargill, Thomas F. 1989. Central Bank Independence and Regulatory Responsibilities: The Bank of Japan and the Federal Reserve. Salomon Brothers Center for the Study of Financial Institutions, New York University.
Cargill, Thomas F, Michael M Hutchison, and Takatoshi Ito. 1996. “Deposit guarantees in Japan: Aftermath of the bubble and burst of the bubble economy.” Contemporary Economic Policy, 1996 July: 41–52.
Cargill, Thomas F, Michael M Hutchison, and Takatoshi Ito. 1997. The Political Economy of Japanese Monetary Policy. Cambridge MA: The MIT Press.
Cargill, Thomas F, Michael M Hutchison, and Takatoshi Ito. Forthcoming. Financial Policy and Central Banking in Japan. Cambridge MA: The MIT Press.
Cargill, Thomas F and Shoichi Royama. 1988. The Transition of Finance in Japan and the United States. Stanford CA: Hoover Institution Press.
Cargill, Thomas F and Naoyuki Yoshino. 1998.’ Too big for its boots.” The Financial Regulator, 3 (1998 Dec): 39–43.
Cargill, Thomas F and Naoyuki Yoshino. “Postal Savings and Policy Based Finance.” Chapter 6 in this volume.
Cole, David. 1993. “The Political Economy of Korean-U.S. Financial Relations.” Korean-U.S. Financial Issues. Washington DC: Korea Economic Institute of America.
Craig, Valentine V. 1998. “Japanese Banking: A Time of Crisis.” FDIC Banking Review, 11(2): 9–17.
Feldman, Robert Alan. 1986. Japanese Financial Markets: Deficits, Dilemmas, and Deregulation. Cambridge MA: The MIT Press.
Fukao, Mitsuhiro. 1998. “Japan’s Role in the International Trading System: Prospects for Market Liberalization and Economic Reform.” Testimony before the Committee on Finance, United States Senate, 1998 July 14.
Hamada, Koichi and Akiyoshi Horiuchi. 1987.’ The Political Economy of the Financial Market.” In Kozo Yamamura and Yasukichi Yasuba, eds, The Political Economy of Japan, v I. Stanford: Stanford University Press.
Huh, Chan Guk and Sun Bae Kim. 1994. “Financial Regulation and Banking Sector Performance: A Comparison of Bad Loan Problems in Japan and Korea.” Economic Review, Federal Reserve Bank of San Francisco, 1994 (2).
Krugman, Paul. 1994.’ The Myth of Asia’s Miracle.” Foreign Affairs, 1994 Nov–Dec: 62–78.
Kuwayama, Patricia Hagan. 1997 Oct. “Postal Banking in the United States and Japan: A Comparative Analysis.” Center on Japanese Economy and Business, Columbia Business School, Working Paper 139. To be published in Monetary and Economic Studies, the Bank of Japan.
Mikitani, Ryoichi and Patricia Hagan Kuwayama. 1998 Aug. “Japan’s New Central Banking Law: A Critical View.” Center on Japanese Economy and Business, Columbia Business School, Working Paper 145.
Patrick, Hugh. 1994. “The Relevance of Japanese Finance and its Main Bank System.” In Masahiko Aoki and Hugh Patrick, eds, The Japanese Main Banking System. Oxford: Oxford University Press.
Patrick, Hugh. 1999. “The Causes of Japan’s Financial Crisis.” Pacific Economic Papers #288, Australia-Japan Research Centre, the Australian National University.
Suzuki, Yoshio. Money and Banking in Contemporary Japan. Yale University Press, 1980.
Suzuki, Yoshio, ed. 1987. The Japanese Financial System. Oxford: Claredon Press.
Ueda, Kazuo. 1999. “Causes of the Japanese Banking Instability in the 1990s.” Chapter 3 in this volume.
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2000 Springer Science+Business Media New York
About this chapter
Cite this chapter
Cargill, T.F. (2000). What Caused Japan’s Banking Crisis?. In: Hoshi, T., Patrick, H. (eds) Crisis and Change in the Japanese Financial System. Innovations in Financial Markets and Institutions, vol 12. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-4395-4_2
Download citation
DOI: https://doi.org/10.1007/978-1-4615-4395-4_2
Publisher Name: Springer, Boston, MA
Print ISBN: 978-1-4613-6977-6
Online ISBN: 978-1-4615-4395-4
eBook Packages: Springer Book Archive