1704623730
1704623731
［40］M. Aoki, H. Patrick, and P. Sheard, “The Japanese Main Bank System: An Overview,” in The Japanese Main Bank System, ed. M. Aoki and H. Patrick (New York: Oxford University Press, 1994), and T. Hoshi and A. Kashyap, Corporate Finance and Government in Japan (Cambridge, Mass.: MIT Press, 2001), 59, table 3.2.
1704623732
1704623733
［41］J. M. Ramseyer and F. M. Rosenbluth, The Politics of Oligarchy (New York: Cambridge University Press, 1995), 104.
1704623734
1704623735
［42］引自 Hoshi and Kashyap, Corporate Finance and Government in Japan, 29。
1704623736
1704623737
［43］同上，第58页。
1704623738
1704623739
［44］Aoki, Patrick, and Sheard, “The Japanese Main Bank System,” 44.
1704623740
1704623741
［45］数据来自J. Teranishi, “Loan Syndication in War-Time Japan,” in The Japanese Main Bank System, ed. M. Aoki and H. Patrick (New York: Oxford University Press, 1994), 57, table 2.2。
1704623742
1704623743
［46］这是一个卡特尔组织，根据T.Hoshi and A.Kashyap的研究，没有参加1931年协定的证券公司依然在承销业务上展开激烈竞争，并继续承销无担保债券。因此，无担保债券的灾难并不是市场本身造成的，而是由于卡特尔组织的束缚。参见 Hoshi and Kashyap, Corporate Finance and Government in Japan, 31。
1704623744
1704623745
［47］Tetsuji Okazaki (1991), 382，cited in Hoshi and Kashyap, Corporate Finance and Government in Japan, 61.
1704623746
1704623747
［48］Hoshi and Kashyap, Corporate Finance and Government in Japan, 80.
1704623748
1704623749
［49］Lucian Bebchuk and Mark J. Roe, “A Theory of Path Dependence in Corporate Ownership and Governance,” Stanford Law Review 52 (1999): 127-170，发展了关于管制导致这些结果的理论。
1704623750
1704623751
［50］Mark. J. Roe, Strong Managers, Weak Owners: The Political Roots of American Corporate Finance (Princeton, N.J.: Princeton University Press, 1994).
1704623752
1704623753
［51］G. Benston, “The Origins and Justification for the Glass-Steagall Act,” in Universal Banking in the United States: What Could We Gain? What Could We Lose? ed. A Saunders and I. Walter (New York: Oxford University Press, 1994).
1704623754
1704623755
［52］Paul G. Mahony, “The Political Economy of the Securities Act of 1933,” working paper no. 00-11, Social Science Research Network, 2000, 8.
1704623756
1704623757
［53］R. Kroszner and R. Rajan, “Organization on Structure and Credibility: Evidence from the Commercial Bank Securities Activities before the Glass-Steagall Act,” Journal of Monetary Economics 39 (1997): 475-516.
1704623758
1704623759
［54］Mahony, “The Political Economy of the Securities Act of 1933.”
1704623760
1704623761
［55］一般的论证参见George J. Benston, The Separation of Commercial and Investment Banking: The Glass-Steagall Act Revised and Reconsidered (New York: OPU, 1990)，系统性的论证参见R. Kroszner and R. Rajan, “Is the Glass-Steagall Act Justified? A Study of the U.S. Experience with Universal Banking before 1933,” American Economic Review 84 (September 1994): 810-832。
1704623762
1704623763
［56］Kroszner and Rajan, “Organization on Structure and Credibility.”
1704623764
1704623765
［57］Roe, Strong Managers, Weak Owners.
1704623766
1704623767
［58］Benston, “Origins and Justification for the Glass-Steagall Act,” 38.
1704623768
1704623769
［59］Mahony, “The Political Economy of the Securities Act of 1933.”
1704623770
1704623771
第10章
1704623772
1704623773
［1］Standard and Poor’s, “U.S. Steel Tariffs: Who Gains, Who Loses, and at What Price?,” March 14, 2002.
1704623774
1704623775
［2］AISI, “The New Steel Industry,” www.steel.org/facts/newsindus.htm.
1704623776
1704623777
［3］雇佣人数的数据来自Bureau of Labor Statistics, National Current Employment Statistics, www.bls.gov/webapps/legarcy/cesbtabl.htm。生产的数据来自American Iron and Steel Industry, 1997 Annual Statistical Report。
1704623778
1704623779
［4］Alan Greenspan, chairman, Federal Reserve Board, before the Senate Banking Committee, July 28, 1999.
[
上一页 ]
[ :1.70462373e+09 ]
[
下一页 ]