... policy, and energy, and good disposition of two state governments, andthe
efficacy ofthe provisions of their respective laws. And security of other States andthe
money of all are at the discretion ... perusal ofthe
record is the inability of members to appreciate the importance ofthe issues. Much of
the tedious and pointless character of their speeches may be ascribed to the lack ofthe
personal ... picked off the gunners until the artillery
was silenced; then the Indians rushed in and seized the guns. In the combat there were
both conspicuous exploits of valor and disgraceful scenes of cowardice....
... change and permanence, not just of people but of
[ 38 ] theriseandfallof soul and self
God (or shedding the illusion of separateness) and thereafter no longer reenters
the process of reincarnation. ... the brain,” which is the
primary seat of sense andofthe spirits” and “perceives whatever occurs in
the body,” is the cause of [these] affl ictions.” Some of these disturbances affect
the ...
means of explaining in a physical way how mind and body might interact. If the
brain were the seat ofthe mind and could communicate through the nerves to
the rest ofthe body, the activities of...
... praising Marx and predicting the success of socialism. As with the
end of Shakespeare’s The Taming ofthe Shrew , a plain reading ofthe text has caused Schumpeter’s fans much
discomfort. Whether Schumpeter’s ... assault,
triggering the next phase ofthe Cycle. Sometimes this takes the form of a technological innovation that
breaks through the defenses and becomes the basis of an insurgent industry. The advent of personal
computing ... the revenge ofthe broadcasters andof Hollywood). In Part
IV we will see how the perennial lure of size and scale that led to the original information leviathans
in the first half ofthe century...
... the
past bond prices they could get their hands on. They distilled the bonds’ historical relationships, and
they modeled how these prices should behave in the future. And then, when a market price
somewhere, ... price in the future. They often
traded at a slight discount to the price ofthe actual, underlying bills. In a classic bit of arbitrage,
Eckstein would buy the futures, sell the bills, and then wait ... Long-Term’s growing profits and humbled by the sight of their boss trundling
to the office on a bicycle. When the action abated, the traders would drift to a poolroom off the
trading floor, where...
... 1
I. TheRiseandFallof Abacus Banking andthe Banking
Crisis in Japan 17
2. TheRiseof Abacus Banking in Japan 19
3. TheFallof Abacus Banking in Japan 53
4. The Banking Crisis 73
II. TheRise ... 73
II. TheRiseandFallof Abacus Banking andthe Looming
Banking Crisis in China 99
5. TheRiseof Abacus Banking in China 101
6. TheFallof Abacus Banking in China 127
7. The Looming Banking ... too, if one can talk about Chinese bankers in the market
To Georgios and Michiko
The Riseand Fall
of Abacus Banking
in Japan and China
Yuko Arayama and
Panos Mourdoukoutas
QUORUM BOOKS
Westport,...
... package that poured billions of yen into
The Riseand Fall
of Abacus Banking
in Japan and China
8 TheRiseandFallof Abacus Banking in Japan and China
and the demand for corporate loans, especially ... investigates the decline andfallof abacus
banking. Chapter 4 discusses of how theriseandfallof abacus banking
contributed to the prolonged banking crisis ofthe 1990s. Chapter 5 pres-
ents therise ... the remainder of this book
contains two parts. Part I discusses theriseandfallof abacus banking
in Japan in the postwar period andthe banking crisis ofthe 1990s, and
Part II addresses the...
... economy.
47
The melding of governance of corporate and lending institutions is
permitted by the absence of sound corporate governance laws, and the
lack of disclosure laws in essence turns the MOF into the ... to
20 TheRiseandFallof Abacus Banking in Japan and China
bank and a moderate fee are sufficient for wiring money overnight, all
over the world. But the difference between Japanese and U.S. and ... as late as 1989, the service sector provided for 55.8 percent
Chapter 2
The Rise of
Abacus Banking in Japan
In the summer of 1997, in the middle ofthe banking crisis, one of the
authors tried...
... abroad and a sanctuary home,
which could explain the rapid overseas expansion of Japanese banks in
the late 1970s andthe 1980s, which will be addressed in the next chapter.
42 TheRiseandFallof ... levels. The banks also worked intimately with the
ministry deciding the level of services they offered customers and even the sal-
aries they paid their staff.
60
To preserve this type of cartel-like ... the opening and closing of branches, andthe merger and liquidation
of existing bank operations. Once the MOF approves a new business for
a bank, it applies it to all banks. The development of...
... over the soul and body ofthe guilty. The decrees of the
council of Constantinople had ascertained the true standard ofthe faith; andthe ecclesiastics, who governed
the conscience of Theodosius, ... the ruin of the
temples, yielded, without a contest, to the fortune of their adversaries. The disorderly opposition ^59 of the
peasants of Syria, andthe populace of Alexandria, to the rage of ... Constantine had the
advantage of erecting the standard ofthe cross, the emulation of his successor assumed the merit of subduing
the Arian heresy, andof abolishing the worship of idols in the Roman...
... gradually obtained; the rank of tribune, of count,
and of general; the dignity of senator, andthe command ofthe guards, who obeyed him as their chief, at the
important crisis when the emperor Anastasius ... tom. ii. p. 114 - 139,) the phoenix ofthe Edda, andthe annual death and revival of Adonis and Osiris,
are the allegorical symbols ofthe absence and return ofthe sun in the Arctic regions. This ... homage ofthe multitude, escaped from the odious light of
the capital, and passed the greatest part ofthe year in the palaces and gardens which were pleasantly seated on
the sea-coast ofthe Propontis...