Book

J.P.H. Fan, M. Hanazaki and J. Teranishi, Introduction

Part I: Financial institutions and financial markets in Japan and East Asia
M. Hanazaki and A. Horiuchi, Can the financial restraint theory explain the postwar experience of Japan's financial system?
S. Fukuda, The role of long-term funds for economic development: empirical evidence in Japan, Korea and Taiwan
R. Morck and B. Yeung, Japanese economic success and the curious characteristics of Japanese stock prices
K.A. Kim and J.R. Nofsinger, Japanese securities firms, business corporations and financial institutions: a comparison of their investing behavior
M. Fukao, Finanical deregulations, weakness of market discipline and market development: Japan's experience
H. Montgomery, Macroeconomic effects of capital adequacy regulation in Japan

Part II: Issuies in governance of corporate sector and new technology
C. Mayer, The finanical and governance of new technologies
S. Claessens, S. Djankov, J.P.H. Fan and L.H.P. Lang, The benefits and costs of internal markets: evidence from Asia's financial crisis
Y. Yafeh and O. Yosha, Large shareholders and banks: who monitors and how?
A. Khanthavit, P. Polsiri and Y. Wiwattanakantang, Did families lose or gain control after the east Asian financial crisis?
K. Kubo, The determinants of executive compensation in Japan and the UK: agency hypothesis or joint determination hypothesis?

Part III: Toward a new design of financial system
A. Kuroda and K. Hamada, Toward an incentive compatible financial system: accounting and managing the non-performing loans
S.G. Rhee, Further reforms of the JGB market for the promotion of regional bond markets
Y. Kitamura, M. Suto and J. Teranishi, Reflections on the new financial system in Japan: participation costs, wealth distribution and security market-based intermediation