Japan's Financial Crisis
Subtitle: Institutional Rigidity and Reluctant Change
Publisher: Princeton University Press
Published: August 30, 2004
Language: eng
Format: Hardcover
Number of pages: 408
ISBN-13: 9780691114477
Subjects: Economics; Finance; Financial crises; Business / Economics / Finance; Political Science; Public Finance; Politics/International Relations; Japan; Asia - Japan; Banks & Banking; Economic Conditions; Asian and Asian American Studies; Central government policies; Political Science / Economic Conditions; Political Science and International Relations; Banks and banking
First sentence: NETWORKS-the collection of people, organizations, or objects connected to each other in some way-are found everywhere.
Description: "The book focuses on the role of policy networks in Japanese finance, showing with nuance and detail how Japan's Finance Ministry was embedded within the political and financial worlds, how that structure was similar to and different from that of its counterparts in other countries, and how the distinctive nature of Japan's institutional arrangements affected the capacity of the government to manage change." "The book focuses in particular on two intervening variables that bring about a functional shift in the Finance Ministry's policy networks: domestic political change under coalition government and a dramatic rise in information requirements for effective regulation. As a result of change in these variables, networks that once enhanced policymaking capacity in Japanese finance became "paralyzing networks" - with disastrous results."--BOOK JACKET.