Jump to ContentJump to Main Navigation
The Japanese Main Bank SystemIts Relevance for Developing and Transforming Economies$
Users without a subscription are not able to see the full content.

Masahiko Aoki and Hugh Patrick

Print publication date: 1995

Print ISBN-13: 9780198288992

Published to Oxford Scholarship Online: August 2004

DOI: 10.1093/0198288999.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 29 November 2020

The Relevance of Japanese Finance and its Main Bank System

The Relevance of Japanese Finance and its Main Bank System

(p.353) 11 The Relevance of Japanese Finance and its Main Bank System
The Japanese Main Bank System

Hugh Patrick (Contributor Webpage)

Oxford University Press

This chapter examines issues in the design of good financial systems for developing markets and transforming socialist economies (TSEs) based on the Japanese experience. The effective transfer of the Japanese main bank system will depend on the financial architecture and policies being pursued in the transferring country. Developing economies and TSEs should take note of the following points: that the Japanese degree of financial repression was modest, real interest rates and other incentives were positive, there was competition, credit allocation was based on objective, efficiency-based criteria without outside interference, and corruption was low.

Keywords:   Japanese main bank system, developing markets, transforming social economies, financial system development, financial policy

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .