Contents

Chapters in this book

1. Frontmatter i
2. Contents vii
3. Acknowledgments xi
4. Introduction 1
5. I. The Evolving Nature of Regional Stock Markets
6. 1. Hong Kong and Shanghai: Yesterday, Today, and Tomorrow 13
7. 2. Listing Policy and Development of the Tokyo Stock Exchange in the Prewar Period 51
8. II. Consequences of Financial Development
9. 3. Misaligned Incentives and Mortgage Lending in Asia 95
10. 4. East Asia and Global Imbalances: Saving, Investment, and Financial Development 117
11. 5. Consumer Credit Market in Korea since the Economic Crisis 161
12. III. Financial Consolidation
13. 6. The Determinants of Cross-Border Merger and Acquisition Activity in the Financial Sector in Asia: Did the Asian Financial Crisis Change Them? 203
14. 7. Merger Activities and Stock Market Valuation in China 241
15. 8. Consolidation of Banks in Japan: Causes and Consequences 265
16. IV. Reform and Dynamism
17. 9. Did the Japanese Stock Market Appropriately Price the Takenaka Financial Reform? 317
18. 10. Big Business Stability and Social Welfare 349
19. Contributors 377
20. Author Index 381
21. Subject Index 385