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The Rise and Fall of Abacus Banking in Japan and China

Autor Yuko Arayama, Panos Mourdoukoutas
en Limba Engleză Hardback – 29 mai 2000 – vârsta până la 17 ani
Bankers in Japan and China are masters of accounting, not risk management, and American-style rescue packages won't solve their banking crises. Cleaning up balance sheets and purging non-performing loans won't work either, say Arayama and Mourdoukoutas. The problem goes deeper. It stems from high growth environments and tight government regulation. The result has been to limit competition in Japan and eliminate it in China. And that led to the control of management behavior, which weakened incentives for Japanese and Chinese bank decision-makers to manage, hands-on, their traditional and nontraditional banking risks. Adding to the problem is rationed credit, reflecting MITI and MOF priorities in Japan and those set by the central planning authorities in China. Japanese bankers have been turned into experts on the abacus, the ancient calculator, but they have little experience with or understanding of the other more important aspects of the banking enterprise. Arayama and Mourdoukoutas lay it all out in a challenging, provocative, readable study and analysis. It is an essential resource for academicians and policymakers in business, government, and international finance and investment.Arayama and Mourdoukoutas make it clear that Japanese and Chinese bankers must learn how to behave as for-profit institutions, where managers are accountable to the owners and other stakeholders. Second, they must be freed from government directives (in China) and guidance (in Japan) that control their day-to-day operations, and which restrict freedom to develop new products and businesses. Third, Japanese and Chinese bank managers must learn to act as true bankers. They must learn how to manage credit risk and function as public trading corporations. They must also learn how to deal with transparency and full disclosure rules and regulations, just as their Western counterparts must and do. In other words, say the authors, bank managers must escape the abacus mentality and learn how to use their brains rather than their fingers. and that may take much longer than anxious Western observers would have expected.
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Specificații

ISBN-13: 9781567203240
ISBN-10: 1567203248
Pagini: 208
Dimensiuni: 156 x 235 x 24 mm
Greutate: 0.54 kg
Editura: Bloomsbury Publishing
Colecția Praeger
Locul publicării:New York, United States

Notă biografică

YUKO ARAYAMA teaches and conducts research in economic theory and applied economics at Nagoya University, Japan. He also serves as Director of the Contemporary Japanese Economic Research Program at Beijing University. He publishes widely in the professional journals. Dr. Arayama is coauthor (with Panos Mourdoukoutas) of China Against Herself (Quorum, 1999).PANOS MOURDOUKOUTAS is Professor of Economics, Long Island University, New York. He has traveled extensively throughout Asia and Europe as an advisor to government and business organizations, with extended stays at Nagoya University. Among his many publications are China Against Herself (with coauthor Yuko Arayama), (1999), The Global Corporation (1999), and Collective Entrepreneurship in a Globalizing Economy (1999), all published by Quorum Books.

Cuprins

Beyond Nonperforming Assets: Abacus BankingThe Rise and Fall of Abacus Banking and the Banking Crisis in JapanThe Rise of Abacus Banking in JapanThe Fall of Abacus Banking in JapanThe Banking CrisisThe Rise and Fall of Abacus Banking and the Looming Banking Crisis in ChinaThe Rise of Abacus Banking in ChinaThe Fall of Abacus Banking in ChinaThe Looming Banking Crisis in ChinaConclusions