Abstract

http://ssrn.com/abstract=593527
 
 

References (45)



 


 



Deregulation and Market Response in Contemporary Japan: Administrative Guidance, 'Keiretsu,' and Main Banks


Yoshiro Miwa


Osaka Gakuin University

J. Mark Ramseyer


Harvard Law School

March 2004

Harvard Law and Economics Discussion Paper No. 462

Abstract:     
Change is in the air in Japan, claim many observers: The government is radically deregulating crucial sectors of the economy, the large firms are unwinding their keiretsu corporate groups, and firms and banks are dismantling their main bank arrangements. Some observers see all three as exogenous institutional shocks, while others treat the last two as behavioral responses to the first. In fact, although the first phenomenon would constitute an institutional change if it occurred, it has not - for Japanese bureaucrats had no substantial regulatory power to abandon. Although the last two would constitute market responses if they occurred, they have not either - for firms and banks maintained no groups or main-bank arrangements to unwind or dismantle.

Number of Pages in PDF File: 35

JEL Classification: B14, G32, G21, G38, K23, L43, L52

working papers series


Download This Paper

Date posted: September 21, 2004  

Suggested Citation

Miwa, Yoshiro and Ramseyer, J. Mark, Deregulation and Market Response in Contemporary Japan: Administrative Guidance, 'Keiretsu,' and Main Banks (March 2004). Harvard Law and Economics Discussion Paper No. 462. Available at SSRN: http://ssrn.com/abstract=593527 or http://dx.doi.org/10.2139/ssrn.593527

Contact Information

Yoshiro Miwa (Contact Author)
Osaka Gakuin University ( email )
2-36-1 Kishibe-Minami
Suita, Osaka 5645811
Japan
J. Mark Ramseyer
Harvard Law School ( email )
1575 Massachusetts
Hauser 406
Cambridge, MA 02138
United States
617-496-4878 (Phone)
617-496-6118 (Fax)
Feedback to SSRN


Paper statistics
Abstract Views: 1,810
Downloads: 280
Download Rank: 60,790
References:  45

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo3 in 0.344 seconds