Springer celebrates 175 years of publishing excellence! Join us >>

Who Will Provide the Next Financial Model?

Asia's Financial Muscle and Europe's Financial Maturity

Editors: Kaji, Sahoko, Ogawa, Eiji (Eds.)

  • The book focuses on what Asia and Europe can learn from each other in the global search of a new financial model, not what Asia can learn from European integration   The book covers both public sector (regulatory, monetary as well as exchange rate) policies and developments in the private sector   The book provides examination of financial issues from a non-Anglo-American point of view and contains analysis on China’s banking sector with comments by the Bank of Japan’s leading China expert​

Buy this book

eBook $119.00
price for USA (gross)
  • ISBN 978-4-431-54282-7
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $159.00
price for USA
  • ISBN 978-4-431-54281-0
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $159.00
price for USA
  • ISBN 978-4-431-54709-9
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

During the past 4 years, faith in the present financial model has been shaken in terms of policy, regulation, the financial sector itself, and exchange-rate regimes. Past and present policies of the world’s most respected central banks have come under fire. Regulations that defined the system have undergone major reviews. Complicated financial instruments that provided new ways of financial intermediation have been exposed as culprits behind the financial meltdown. After 10 years of success, Europe’s single currency is under threat. In short, the established financial model not only has been unable to prevent the crisis but, arguably, has been a cause of it.

There is no longer one obvious model that meets all needs. The burst of Japan’s bubble was followed by two “lost decades”. Before a contrite Japan completely adopted Western ways of finance, the “Lehman shock” hit, followed by the euro crisis. Monetary policy, financial regulation and the state of the financial sector all must be reconsidered. Currencies and exchange rates make up another important aspect of finance. If the Western model of finance is discredited, does that mean the dominance of Western currencies is also eroded? What does the crisis in the euro area tell us about exchange rate regimes in general?

Clearly, a new model is needed, one that is conducive to both stability and prosperity. But who will provide it? This volume records the cumulative results of three EU Studies Institute (EUSI) conferences that have addressed these issues, and examines how Asia and Europe compare in the quest for the next financial model. While many books on Europe and Asia focus on integration and what Asia can learn from Europe, this book emphasizes mutual lessons in the common search for a new model.

EU Studies Institute

The EU Studies Institute in Tokyo (EUSI) was launched on 1 April 2009 as a consortium comprising Hitotsubashi University, Tsuda College, and Keio University. The Institute is sponsored by the European Commission for a four-and-a-half-year period. As a centre for academic education, research and outreach, it aims to strengthen EU–Japan relations. Details are at http://eusi.jp/content_en/

About the authors

Editors

Sahoko Kaji is a professor of economics and co-ordinator of the Professional Career Programme at Keio University, and deputy director at EUSI. She has a B.A. and an M.A. from Keio, and a Ph.D. in economics from the Johns Hopkins University. Her major field of research is European economies. Details are at http://k-ris.keio.ac.jp/Profiles/60/0005959/prof_e.html.

Eiji Ogawa is a professor at the Graduate School of Commerce and Management, Hitotsubashi University, and chairman of the Governing Board, EU Studies Institute in Tokyo. He has a B.A., M.A., and Ph.D. in commerce from Hitotsubashi University. His major field of research is international finance and currencies. Details are at https://hri.ad.hit-u.ac.jp/html/217_profile_en.html.

Table of contents (24 chapters)

  • The EU’s Approach to Improving Financial Regulation

    Begg, Iain

    Pages 3-19

  • Asia’s Approach to Improve Financial Regulation

    Mimura, Atsushi

    Pages 21-28

  • Comment Paper to Chapters “The EU’s Approach to Improving Financial Regulation” and “Asia’s Approach to Improve Financial Regulation”

    Inoue, Jun

    Pages 29-29

  • Comment Paper to Chapters “The EU’s Approach to Improving Financial Regulation” and “Asia’s Approach to Improve Financial Regulation”

    Koibuchi, Satoshi

    Pages 31-32

  • The European Central Bank and Implications of the Sovereign Debt Crisis

    Drudi, Francesco (et al.)

    Pages 35-60

Buy this book

eBook $119.00
price for USA (gross)
  • ISBN 978-4-431-54282-7
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $159.00
price for USA
  • ISBN 978-4-431-54281-0
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $159.00
price for USA
  • ISBN 978-4-431-54709-9
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Loading...

Recommended for you

Loading...

Bibliographic Information

Bibliographic Information
Book Title
Who Will Provide the Next Financial Model?
Book Subtitle
Asia's Financial Muscle and Europe's Financial Maturity
Editors
  • Sahoko Kaji
  • Eiji Ogawa
Copyright
2013
Publisher
Springer Japan
Copyright Holder
Springer Japan
eBook ISBN
978-4-431-54282-7
DOI
10.1007/978-4-431-54282-7
Hardcover ISBN
978-4-431-54281-0
Softcover ISBN
978-4-431-54709-9
Edition Number
1
Number of Pages
XIX, 291
Topics