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1. Role of Market Institutions in Pacific Rim Development and Transition.

Author

Intriligator, Michael D., Braguinsky, Serguey, Bowen II, Jewell Ray, Tullock, Gordon, and Root, Hilton L.

Subjects
CAPITAL market, ECONOMIC history
Abstract

Discusses the role of market institutions in Pacific Rim development and transition. Capital market imperfections and the problem of financing growth in post-war Japanese economy; Information on the main-bank system; Description of the main-bank relationship from an incentives point of view; Potential hazards of the main-bank system.

Published
1999
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