We exploit the natural experiment of Japan’s opening to international trade to examine how comparative advantage can … shape a country’s long-run path towards financial development. In the late 19th century, many of Japan’s prefectures had a …

This book researches banking structure in developing Japan and gives insight into how Japan's banks have become … embroiled in recent financial crisis. It re-evaluates the role and function of Japan's commercial banks among its corporate …

The paper investigates the link between bank concentration and a country's buyout market. We perform a macro level … for the size of the buyout market. The elasticity ranges from 1 up to 3 percent depending on which bank concentration … measure is employed and what segment of buyout market we look at. We also find that bank concentration is irrelevant for the …