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Journal Article
Central bank capital, financial strength, and the Bank of Japan
This Economic Letter addresses central bank capital and financial strength in the context of Bank of Japan policy (Cargill 2005). Specifically, it reviews general considerations about central bank capital and financial strength, discusses recent Bank of Japan policy in the context of capital structure, evaluates the Bank of Japan's concern in the context of the broader issue of central bank independence, and draws some lessons from recent Bank of Japan policy.
Journal Article
Japan's financial reform
Journal Article
Forecasting Nevada's economy
Journal Article
A tale of two financial reforms
Journal Article
Is competitive banking stable?
Journal Article
Postal savings in Japan and mortgage markets in the U.S.
Financial system redesign has become high political drama in Japan. In August, 2005, Prime Minister Koizumi's plan to privatize Japan's huge postal savings and life insurance system (PSS) was defeated in the Lower House of the Diet. Koizumi then retaliated by dissolving the Lower House and calling a "snap" election for September 11, 2005 in hopes of getting members of the Liberal Democratic Party (LDP) more supportive of his program into the legislature. This was essentially a showdown?an open confrontation between the "new" and the "old" LDP in an effort by Koizumi to reduce the ...
Journal Article
Japan passes again on fundamental financial reform
Journal Article
U.S. financial reform: historical perspective