Informality and Monetary Policy in Japan : The Political Economy of Bank Performance

Cover -- Half-title -- Title -- Copyright -- Dedication -- Contents -- Figures -- Tables -- Acknowledgements -- 1 Introduction -- 1.1 Aims -- 1.2 Method -- 1.3 Outline -- Part I Theory -- 2 The political economy and economic system of Japan: a survey of literature, conflict and confusion -- 2.1 Introduction -- 2.2 The Japanese political economy -- The 'Japan, Inc.' model -- Bureaucracy-led model -- Pluralistic model -- Consensual policy model -- Pluralistic network model -- Conclusions -- 2.3 The Japanese economic system -- The interventionist school -- The market school -- Summary of interventionist and market schools -- Hybrid interpretations -- 2.4 Conclusions -- 3 Informal aspects of Japanese economic policy -- 3.1 Introduction -- 3.2 The alleged importance of informality in Japan -- 3.3 Informal aspects I: administrative guidance -- Definition and classification -- Compliance -- Criticism -- Relevance of administrative guidance in theoretical schools -- 3.4 Informal aspects II: informal networks -- Amakudari -- 3.5 Summary and conclusions -- Summary -- Conclusions -- Appendix 3.1 Japanese 'special legal entities' (tokushu hojin) -- Public corporations (kodan)13 -- Business corporations (jigyodan)17 -- Finance corporations (koko) 9 -- Finance corporations/special banks (kinko/tokushu ginko) 3 -- Corporation (eidan)1 -- Special corporations (tokushu gaisha)12 -- Others (sono hoka) 37 -- Privatised Public Corporations (7 as of October 1995) -- 4 Informality and monetary policy: an operational framework -- 4.1 Introduction -- 4.2 Monetary policy -- 4.3 Informality and monetary policy -- Informality and macro monetary policy -- Informality and micro monetary policy -- Corporate governance and prudential policy: the Japanese context -- 4.4 Conclusions -- Part II The institutions and their policies.