Financial globalization and East Asian capitalism : an overview / Jongryn Mo, Daniel I. Okimoto -- The politics of reform in Japanese finance : assessing the relative influence of foreign investors / Jennifer Amyx -- Policymaking in the era of financial globalization : the battle for Japanese...

This paper investigates whether market information is reliable to predict financial deterioration of large Too Big To Fail banks in Asia. A stepwise logit model is first estimated to isolate the optimal set of accounting indicators to predict rating downgrades. The model is then extended to...