The Rise and Fall of Abacus Banking in Japan and China:
Editorial Reviews
Book Description
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. They may be experts with the abacus but they have little experience with or understanding of the other more important aspects of banking. A challenging, provocative, readable study and analysis it is, an essential resource for academicians and policymakers in business, government, and international finance and investment.
About the Author
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.
The Rise and Fall of Abacus Banking in Japan and China:,Yuko Arayama,Panos Mourdoukoutas,Quorum Books,1567203248,Banks & Banking,Banks And Banking,Business & Economics,Business / Economics / Finance,Business/Economics,China,Finance,Japan,Banking,Business & Economics / Finance,International business,Investment & securities
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