Chapter

Monitoring Characteristics of the Main Bank System: An Analytical and Developmental View

Masahiko Aoki

in The Japanese Main Bank System

Published in print February 1995 | ISBN: 9780198288992
Published online August 2004 | e-ISBN: 9780191601224 | DOI: http://dx.doi.org/10.1093/0198288999.003.0004
 Monitoring Characteristics of the Main Bank System: An Analytical and Developmental View

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This chapter examines whether the Japanese main bank system offers different monitoring and controlling perspectives from the Anglo-American securities based financial system. It is argued that the performance characteristics of a financial system depends on the level of development, and on the systematic characteristics of the economy with which it is embedded. The Japanese financial system is unlikely to be transformed into the securities-based system of the Anglo-American type, in spite of the increasing securitisation of financial instruments. Further deregulation may make the bank system adaptable to such an environment.

Keywords: Japanese main bank system; monitoring; controlling; Anglo-American securities-based financial system; deregulation; securitisation

Chapter.  14189 words. 

Subjects: Financial Markets

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