Developing Long-Term Finance in Emerging Markets : Using Bank Debentures - Lessons from Japan
From the early 1950s until quite recently, the Japanese government took an active role in promoting a bank debenture market. This Note explains how the Japanese bank debenture market developed and what role these debentures played in establishing a bond market. The debenture market started life at a time when massive amounts of long-term capital were needed for reconstruction. Capital markets had not yet developed, and market-base long-term funding was seen as too risky by both investors and financial institutions.
Saved in:
| Main Author: | |
|---|---|
| Format: | Viewpoint biblioteca |
| Language: | English |
| Published: |
World Bank, Washington, DC
1994-12
|
| Subjects: | BONDS, CAPITAL MARKETS, INVESTMENT, INVESTMENT PROMOTION, CAPITAL FORMATION BANK DEPOSITS, BANK OF JAPAN, BANKING SERVICES, BANKING SYSTEM, BANKS, BOND MARKETS, BORROWING, BROKERS, BUDGET DEFICITS, COMMERCIAL BANKS, COUPON RATE, CREDIT RATINGS, CREDITWORTHINESS, DEBENTURES, DEPOSITS, EMERGING MARKETS, FINANCIAL INSTITUTIONS, FINANCIAL MARKETS, GOVERNMENT BONDS, GOVERNMENT INTERVENTIONS, INTEREST RATES, LIQUIDITY, OPEN MARKET OPERATIONS, PRIVATE SECTOR, SAVINGS, SAVINGS ACCOUNTS, SECURITIES, TAX, TELECOMMUNICATIONS, TERM FINANCE, TIME DEPOSITS, |
| Online Access: | http://documents.worldbank.org/curated/en/1994/12/441495/developing-long-term-finance-emerging-markets-using-bank-debentures-lessons-japan http://hdl.handle.net/10986/11678 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| id |
dig-okr-1098611678 |
|---|---|
| record_format |
koha |
| spelling |
dig-okr-10986116782021-04-23T14:02:56Z Developing Long-Term Finance in Emerging Markets : Using Bank Debentures - Lessons from Japan Watanabe, Masakazu BONDS CAPITAL MARKETS INVESTMENT INVESTMENT PROMOTION CAPITAL FORMATION BANK DEPOSITS BANK OF JAPAN BANKING SERVICES BANKING SYSTEM BANKS BOND MARKETS BONDS BORROWING BROKERS BUDGET DEFICITS CAPITAL MARKETS COMMERCIAL BANKS COUPON RATE CREDIT RATINGS CREDITWORTHINESS DEBENTURES DEPOSITS EMERGING MARKETS FINANCIAL INSTITUTIONS FINANCIAL MARKETS GOVERNMENT BONDS GOVERNMENT INTERVENTIONS INTEREST RATES LIQUIDITY OPEN MARKET OPERATIONS PRIVATE SECTOR SAVINGS SAVINGS ACCOUNTS SECURITIES TAX TELECOMMUNICATIONS TERM FINANCE TIME DEPOSITS From the early 1950s until quite recently, the Japanese government took an active role in promoting a bank debenture market. This Note explains how the Japanese bank debenture market developed and what role these debentures played in establishing a bond market. The debenture market started life at a time when massive amounts of long-term capital were needed for reconstruction. Capital markets had not yet developed, and market-base long-term funding was seen as too risky by both investors and financial institutions. 2012-08-13T15:42:27Z 2012-08-13T15:42:27Z 1994-12 http://documents.worldbank.org/curated/en/1994/12/441495/developing-long-term-finance-emerging-markets-using-bank-debentures-lessons-japan http://hdl.handle.net/10986/11678 English at a glance CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Viewpoint Publications & Research East Asia and Pacific Japan |
| institution |
Banco Mundial |
| collection |
DSpace |
| country |
Estados Unidos |
| countrycode |
US |
| component |
Bibliográfico |
| access |
En linea |
| databasecode |
dig-okr |
| tag |
biblioteca |
| region |
America del Norte |
| libraryname |
Biblioteca del Banco Mundial |
| language |
English |
| topic |
BONDS CAPITAL MARKETS INVESTMENT INVESTMENT PROMOTION CAPITAL FORMATION BANK DEPOSITS BANK OF JAPAN BANKING SERVICES BANKING SYSTEM BANKS BOND MARKETS BONDS BORROWING BROKERS BUDGET DEFICITS CAPITAL MARKETS COMMERCIAL BANKS COUPON RATE CREDIT RATINGS CREDITWORTHINESS DEBENTURES DEPOSITS EMERGING MARKETS FINANCIAL INSTITUTIONS FINANCIAL MARKETS GOVERNMENT BONDS GOVERNMENT INTERVENTIONS INTEREST RATES LIQUIDITY OPEN MARKET OPERATIONS PRIVATE SECTOR SAVINGS SAVINGS ACCOUNTS SECURITIES TAX TELECOMMUNICATIONS TERM FINANCE TIME DEPOSITS BONDS CAPITAL MARKETS INVESTMENT INVESTMENT PROMOTION CAPITAL FORMATION BANK DEPOSITS BANK OF JAPAN BANKING SERVICES BANKING SYSTEM BANKS BOND MARKETS BONDS BORROWING BROKERS BUDGET DEFICITS CAPITAL MARKETS COMMERCIAL BANKS COUPON RATE CREDIT RATINGS CREDITWORTHINESS DEBENTURES DEPOSITS EMERGING MARKETS FINANCIAL INSTITUTIONS FINANCIAL MARKETS GOVERNMENT BONDS GOVERNMENT INTERVENTIONS INTEREST RATES LIQUIDITY OPEN MARKET OPERATIONS PRIVATE SECTOR SAVINGS SAVINGS ACCOUNTS SECURITIES TAX TELECOMMUNICATIONS TERM FINANCE TIME DEPOSITS |
| spellingShingle |
BONDS CAPITAL MARKETS INVESTMENT INVESTMENT PROMOTION CAPITAL FORMATION BANK DEPOSITS BANK OF JAPAN BANKING SERVICES BANKING SYSTEM BANKS BOND MARKETS BONDS BORROWING BROKERS BUDGET DEFICITS CAPITAL MARKETS COMMERCIAL BANKS COUPON RATE CREDIT RATINGS CREDITWORTHINESS DEBENTURES DEPOSITS EMERGING MARKETS FINANCIAL INSTITUTIONS FINANCIAL MARKETS GOVERNMENT BONDS GOVERNMENT INTERVENTIONS INTEREST RATES LIQUIDITY OPEN MARKET OPERATIONS PRIVATE SECTOR SAVINGS SAVINGS ACCOUNTS SECURITIES TAX TELECOMMUNICATIONS TERM FINANCE TIME DEPOSITS BONDS CAPITAL MARKETS INVESTMENT INVESTMENT PROMOTION CAPITAL FORMATION BANK DEPOSITS BANK OF JAPAN BANKING SERVICES BANKING SYSTEM BANKS BOND MARKETS BONDS BORROWING BROKERS BUDGET DEFICITS CAPITAL MARKETS COMMERCIAL BANKS COUPON RATE CREDIT RATINGS CREDITWORTHINESS DEBENTURES DEPOSITS EMERGING MARKETS FINANCIAL INSTITUTIONS FINANCIAL MARKETS GOVERNMENT BONDS GOVERNMENT INTERVENTIONS INTEREST RATES LIQUIDITY OPEN MARKET OPERATIONS PRIVATE SECTOR SAVINGS SAVINGS ACCOUNTS SECURITIES TAX TELECOMMUNICATIONS TERM FINANCE TIME DEPOSITS Watanabe, Masakazu Developing Long-Term Finance in Emerging Markets : Using Bank Debentures - Lessons from Japan |
| description |
From the early 1950s until quite
recently, the Japanese government took an active role in
promoting a bank debenture market. This Note explains how
the Japanese bank debenture market developed and what role
these debentures played in establishing a bond market. The
debenture market started life at a time when massive amounts
of long-term capital were needed for reconstruction. Capital
markets had not yet developed, and market-base long-term
funding was seen as too risky by both investors and
financial institutions. |
| format |
Publications & Research :: Viewpoint |
| topic_facet |
BONDS CAPITAL MARKETS INVESTMENT INVESTMENT PROMOTION CAPITAL FORMATION BANK DEPOSITS BANK OF JAPAN BANKING SERVICES BANKING SYSTEM BANKS BOND MARKETS BONDS BORROWING BROKERS BUDGET DEFICITS CAPITAL MARKETS COMMERCIAL BANKS COUPON RATE CREDIT RATINGS CREDITWORTHINESS DEBENTURES DEPOSITS EMERGING MARKETS FINANCIAL INSTITUTIONS FINANCIAL MARKETS GOVERNMENT BONDS GOVERNMENT INTERVENTIONS INTEREST RATES LIQUIDITY OPEN MARKET OPERATIONS PRIVATE SECTOR SAVINGS SAVINGS ACCOUNTS SECURITIES TAX TELECOMMUNICATIONS TERM FINANCE TIME DEPOSITS |
| author |
Watanabe, Masakazu |
| author_facet |
Watanabe, Masakazu |
| author_sort |
Watanabe, Masakazu |
| title |
Developing Long-Term Finance in Emerging Markets : Using Bank Debentures - Lessons from Japan |
| title_short |
Developing Long-Term Finance in Emerging Markets : Using Bank Debentures - Lessons from Japan |
| title_full |
Developing Long-Term Finance in Emerging Markets : Using Bank Debentures - Lessons from Japan |
| title_fullStr |
Developing Long-Term Finance in Emerging Markets : Using Bank Debentures - Lessons from Japan |
| title_full_unstemmed |
Developing Long-Term Finance in Emerging Markets : Using Bank Debentures - Lessons from Japan |
| title_sort |
developing long-term finance in emerging markets : using bank debentures - lessons from japan |
| publisher |
World Bank, Washington, DC |
| publishDate |
1994-12 |
| url |
http://documents.worldbank.org/curated/en/1994/12/441495/developing-long-term-finance-emerging-markets-using-bank-debentures-lessons-japan http://hdl.handle.net/10986/11678 |
| work_keys_str_mv |
AT watanabemasakazu developinglongtermfinanceinemergingmarketsusingbankdebentureslessonsfromjapan |
| _version_ |
1756572476620406784 |