This timely book provides a comprehensive analysis of the post-war evolution of financial markets and financial regulation in Japan, with special emphasis being placed on the period since 1975.

This major four-volume collection will prove invaluable for lecturers, researchers and practitioners. The first volume covers the case for and against banking regulation, touching upon the design of an ‘optimal’ regulatory framework. The second discusses deposit insurance, examining the...

The world-wide trend towards deregulation, internationalization and conglomeration in financial markets may have substantially increased banking efficiency, but it has also highlighted the need for prudent controls to secure consumer protection and financial stability. This important new book...

Purpose – The purpose of this paper is to demonstrate how Japanese bank “performance” has improved markedly since fiscal 2003 but to caution against over-optimism. Design/methodology/approach – The methodological approach adopted involves using aggregate balance sheet data dating from...

The UK government published a weighted score card approach in 2003 to analyse the performance of Probation Boards in England and Wales. However, there has not been a thorough analysis of whether non-parametric methods could provide more advanced options for analysing performance than the...

Purpose – The purpose of the paper is to explain how UK bank failure resolution policy has evolved since the nationalisation of Northern Rock in February 2008 in the light of the fallout from the sub-prime crisis and the subsequent credit crunch. Design/methodology/approach – The evolution...

This paper examines the evolution of Hong Kong banks' technical efficiency during the period 2000–2006 through the prism of the intermediation and production approaches. Using a modified slacks-based model and purging efficiency scores of random errors, we analyse trends in bank efficiency and...

This study examines the efficiency of the Japanese banking system utilising the slacks-based measure. In addition, we also extend the comparative bank modelling methodology literature by utilising both the intermediation and production approaches, together with the profit/revenue-based approach,...

This paper provides a long-term cost–benefit analysis for the United Kingdom of the Basel III capital and liquidity requirements proposed by the Basel Committee on Banking Supervision (BCBS, 2010a). We provide evidence that the Basel III reforms will have a significant net positive long-term...