The Transition of Finance in Japan and the United States

The Transition of Finance in Japan and the United States

A Comparative Perspective

Authors: Thomas F. Cargill, Shoichi Royama
ISBN: 978-0-8179-8722-0
Publication Date: 6/1/1988

This book discusses the transition of finance and money in Japan and the United States from the 1970s through the first few months of 1987. The similarities are noted here, but the differences are emphasized. The financial changes that have occurred in both countries are particularly important today and deserve close study on the basis of the size of the two economies and their impact on world markets, their relative macroeconomic performance since 1975, and the role financial issues have come to play in proposals dealing with the massive trade imbalances that emerged after 1980.

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Shoichi Royama

Shoichi Royama is Professor of Money and Banking in the Department of Economics at Osaka University, Japan, where he has taught since 1969. He attended Tokyo University and received his Ph.D. from Osaka University. He has been a visiting scholar at the University of Washington and at the Monetary and Economic Research Institute of the Bank of Japan, Tokyo. He was the recipient in 1985 of the Mainichi Newspaper's Economist Award.

Thomas F. Cargill

Thomas F. Cargill received his Ph.D from the University of California at Davis and is now Professor of Economics at the University of Nevada at Reno, where he has taught since 1973. His appointments include Visiting Scholar, Hoover Institution, Stanford University; Visiting Scholar, Bank of Japan, Tokyo; Visiting Scholar, Ministry of Finance, Tokyo; and, in 1988, Visiting Scholar, Federal Deposit Insurance Corporation."

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