China and Japan: Partners Or Permanent Rivals?
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Esadegeo Annual Reports
CENTER FOR GLOBAL ECONOMY AND GEOPOLITICS 2017 ANNUAL 2018 REPORT Contents 03 About ESADEgeo 06 Education 09 Policy Debate 25 Publications & Research 30 Key Figures 2 About ESADEgeo Vision To become the benchmark for other business schools in the study of globalisation and organisations. Mission To provide organisations with the necessary tools to organise themselves and strategise in a globalised world. Programmes Global Governance Global Economy Global Risks ESADE China Europe Club 3 Financial Supporters & Partners Financial supporters Activity-based partners Global Governance ESADE China Europe Club Academic partners External Internal Brookings Chair in Leadership & Democratic Governance CIDOB & IBEI Department of Economics Georgetown University ESADEgov Center for Public Governance European University Institute ESADE Law School Sciences Po Observatory of Spanish Multinational Companies 4 Team Javier Solana President of ESADEgeo David Vegara Vice-President of ESADEgeo Angel Saz-Carranza Director of ESADEgeo Angel Pascual-Ramsay Director of the Global Risks Programme Ivana Casaburi Director of the ESADE China Europe Club Irene Alba Associate Director of ESADEgeo Marie Vandendriessche Researcher & Project Manager, ESADEgeo Óscar Fernández Research Assistant, ESADEgeo Non-resident fellows Ruth Aguilera Full Professor at D’Amore-McKim School of Business, Northeastern University (Boston, MA) Adrià Albareda Research Associate, Institute for Public Governance and Management, ESADE Ryan Federo PhD in Management Sciences, ESADE 5 Education Teaching ESADEgeo's MOOC on Coursera: Geopolítica y gobernanza global Since its launch in November 2015, over 20,000 students have enrolled in ESADEgeo’s MOOC Geopolítica y Gobernanza Global, hosted by Coursera. Over the last two and a half years, however, the global context has undeniably changed – and ESADEgeo has kept up. -
On the Internationalization of the Japanese Yen
This PDF is a selection from an out-of-print volume from the National Bureau of Economic Research Volume Title: Macroeconomic Linkage: Savings, Exchange Rates, and Capital Flows, NBER-EASE Volume 3 Volume Author/Editor: Takatoshi Ito and Anne Krueger, editors Volume Publisher: University of Chicago Press Volume ISBN: 0-226-38669-4 Volume URL: http://www.nber.org/books/ito_94-1 Conference Date: June 17-19, 1992 Publication Date: January 1994 Chapter Title: On the Internationalization of the Japanese Yen Chapter Author: Hiroo Taguchi Chapter URL: http://www.nber.org/chapters/c8538 Chapter pages in book: (p. 335 - 357) 13 On the Internationalization of the Japanese Yen Hiroo Taguchi The internationalization of the yen is a widely discussed topic, among not only economists but also journalists and even politicians. Although various ideas are discussed under this heading, three are the focus of attention: First, and the most narrow, is the use of yen by nonresidents. Second is the possibility of Asian economies forming an economic bloc with Japan and the yen at the center. Third, is the possibility that the yen could serve as a nominal anchor for Asian countries, resembling the role played by the deutsche mark in the Euro- pean Monetary System (EMS). Sections 13.1-13.3 of this paper try to give a broad overview of the key facts concerning the three topics, above. The remaining sections discuss the international role the yen could play, particularly in Asia. 13.1 The Yen as an Invoicing Currency Following the transition to a floating exchange rate regime, the percentage of Japan’s exports denominated in yen rose sharply in the early 1970s and con- tinued to rise to reach nearly 40 percent in the mid- 1980s, a level since main- tained (table 13.1). -
Integration of International Financial Regulatory Standards for the Chinese Economic Area: the Challenge for China, Hong Kong, and Taiwan Lawrence L.C
Northwestern Journal of International Law & Business Volume 20 Issue 1 Fall Fall 1999 Integration of International Financial Regulatory Standards for the Chinese Economic Area: The Challenge for China, Hong Kong, and Taiwan Lawrence L.C. Lee Follow this and additional works at: http://scholarlycommons.law.northwestern.edu/njilb Part of the International Law Commons, International Trade Commons, Law and Economics Commons, and the Securities Law Commons Recommended Citation Lawrence L.C. Lee, Integration of International Financial Regulatory Standards for the Chinese Economic Area: The hC allenge for China, Hong Kong, and Taiwan, 20 Nw. J. Int'l L. & Bus. 1 (1999-2000) This Article is brought to you for free and open access by Northwestern University School of Law Scholarly Commons. It has been accepted for inclusion in Northwestern Journal of International Law & Business by an authorized administrator of Northwestern University School of Law Scholarly Commons. ARTICLES Integration of International Financial Regulatory Standards for the Chinese Economic Area: The Challenge for China, Hong Kong, and Taiwan Lawrence L. C. Lee* I. INTRODUCTION ................................................................................... 2 II. ORIGINS OF THE CURRENT FINANCIAL AND BANKING SYSTEMS IN THE CHINESE ECONOMIC AREA ............................................................ 11 * Lawrence L. C. Lee is Assistant Professor at Ming Chung University School of Law (Taiwan) and Research Fellow at Columbia University School of Law. S.J.D. 1998, Univer- sity of Wisconsin-Madison Law School; LL.M. 1996, American University Washington College of Law; LL.M. 1993, Boston University School of Law; and LL.B. 1991, Soochow University School of Law (Taiwan). Portions of this article were presented at the 1999 Con- ference of American Association of Chinese Studies and the 1997 University of Wisconsin Law School Symposium in Legal Regulation of Cross-Straits Commercial Activities among Taiwan, Hong Kong, and China. -
Measures Taken by the Government of Japan on the Comfort Women Issue
Fact Sheet: Measures Taken by the Government of Japan on the Comfort Women Issue 1. The Government of Japan has sincerely dealt with issues of reparations, property and claims pertaining to the Second World War under the San Francisco Peace Treaty, which the Government of Japan concluded with 45 countries, including the United States, the United Kingdom and France, and through other bilateral treaties, agreements and instruments. These issues including those of claims of individuals, have already been legally settled with the parties to these treaties, agreements and instruments. (With regard to the ROK, it was confirmed in the 1965 Agreement on the Settlement of Problems concerning Property and Claims and on Economic Cooperation between Japan and the Republic of Korea that the issues concerning property and claims “have been settled completely and finally.” The Government of Japan, in accordance with the said Agreement, provided 500 million US dollars to the ROK as economic cooperation.) 2. Additionally, since the 1990s, the Government of Japan has extended its utmost cooperation to the projects of the Asian Women’s Fund (AWF), which carried out “medical and welfare support projects” and provided “atonement money” (for a total of 5 million yen per person in the ROK and Taiwan as well as 3.2 million yen per person in the Philippines) to offer realistic relief to former comfort women. When the atonement money as well as the medical and welfare support were provided, the then-Prime Ministers (namely, PM Ryutaro Hashimoto, PM Keizo Obuchi, PM Yoshiro Mori and PM Junichiro Koizumi), sent a signed letter expressing apologies and remorse directly to each former comfort woman. -
The System of Trade Between Japan and the East European Countries, Including the Soviet Union
THE SYSTEM OF TRADE BETWEEN JAPAN AND THE EAST EUROPEAN COUNTRIES, INCLUDING THE SOVIET UNION YATARO TERADA* INTRODUCTION Poor in natural resources, Japan has long been dependent on overseas supply for most of her raw material and fuel requirements. While imports of raw materials and fuel by the United States and West Germany in 197o accounted respectively for 14 per cent and 22 per cent of their total imports, Japan's imports of raw materials and fuel in the same year amounted to about 59 per cent of her total imports. In addition, Japan depends on imports from foreign countries for ioo per cent of her wool, raw cotton, and nickel; 98 per cent of her petroleum; 95 per cent of her iron ores; and 55 per cent of her industrial coal. Such being the case, one of the guiding principles in Japan's foreign trade policy has been to expand trade with any country, regardless of its political system. Japan was plagued by a gap between her economic growth and her international balance of payments until the mid-i96o's and, in order to improve this situation, promotion of exports was given highest priority. Thus, efforts have been made to expand trade with the Soviet Union and East European countries on a commercial basis. After the resumption of private foreign trade in 1949, trade between Japan and the Soviet Union and East European countries was conducted at a low level for some time. However, since the conclusion of a treaty of commerce and an agree- ment on trade and payment with the Soviet Union in 1957, and the conclusion of treaties of commerce with Poland and Czechoslovakia in 1958 and 1959, Japan's trade with Eastern Europe has increased yearly. -
Japanese Monetary Policy: the Effectiveness of Quantitative Easing" (2013)
Johnson & Wales University ScholarsArchive@JWU Honors Theses - Providence Campus College of Arts & Sciences Fall 2013 Japanese Monetary Policy: The ffecE tiveness of Quantitative Easing Colin James Flynn Johnson & Wales University - Providence, [email protected] Follow this and additional works at: https://scholarsarchive.jwu.edu/student_scholarship Part of the Arts and Humanities Commons Repository Citation Flynn, Colin James, "Japanese Monetary Policy: The Effectiveness of Quantitative Easing" (2013). Honors Theses - Providence Campus. 14. https://scholarsarchive.jwu.edu/student_scholarship/14 This Honors Thesis is brought to you for free and open access by the College of Arts & Sciences at ScholarsArchive@JWU. It has been accepted for inclusion in Honors Theses - Providence Campus by an authorized administrator of ScholarsArchive@JWU. For more information, please contact [email protected]. Japanese Monetary Policy: The Effectiveness of Quantitative Easing Colin James Flynn RSCH 3002: Directed Academic Experience Dr. Michael Fein, Director Professor Jean Holt Professor Ernest Mayo Fall 2013 Abstract The purpose of this paper is to analyze the effects of Japanese monetary policy from 2001-2010. In 2001 the Bank of Japan, Japan’s central bank, began using an unconventional monetary policy tool known as quantitative easing. The desired effect of quantitative easing is to inject money directly into the country’s money supply. This is accomplished through the purchasing of commercial and private financial assets, mainly bonds, by the central bank of the participating country. This paper tests the hypothesis that when the value of the Japanese yen (JPY) is lowered versus the United States Dollar (USD) that the number of Japanese goods purchased by the United States from Japan would increase. -
Press Conference Held by Javier Solana and Milo Djukanovic at the Council of the European Union (Brussels, May 2006)
Press conference held by Javier Solana and Milo Djukanovic at the Council of the European Union (Brussels, May 2006) Source: Conférence de presse: Javier Solana et Milo Djukanovic / JAVIER SOLANA, Milo Djukanovic.- Bruxelles: Communautés européennes [Prod.], mai 2006. Conseil de l'Union européenne, Bruxelles. - VIDEO (00:05:12, Couleur, Son original). Council of the European Union, Rue de la Loi, 175, B-1048 Brussels. Copyright: Transcription CVCE.EU by UNI.LU All rights of reproduction, of public communication, of adaptation, of distribution or of dissemination via Internet, internal network or any other means are strictly reserved in all countries. Consult the legal notice and the terms and conditions of use regarding this site. URL: http://www.cvce.eu/obj/press_conference_held_by_javier_solana_and_milo_djukan ovic_at_the_council_of_the_european_union_brussels_may_2006-en-662f1844- 3305-45db-b9eb-21aeaf72f2d4.html Last updated: 04/07/2016 1/2 Press conference held by Javier Solana and Milo Djukanovic at the Council of the European Union (Brussels, May 2006) [Javier Solana] It is a great pleasure for me to receive Milo Djukanovic, the Prime Minister of Montenegro, a friend of many, many years, and days after the referendum that took place in Montenegro. Let me make just a few remarks, a few comments on behalf of the European Union. First, I told to him personally, as I said publicly the other day, that we want to congratulate the Montenegrin people. I want to say that, for us, the referendum has been free and fair, and the results very impressive, taking into consideration the very high percentage of turnout. So, for us, the question of the referendum is over, since the international institutions in which we trusted to analyse the behaviour of the electoral process have said that the referendum was free and fair. -
Nationalism in Japan's Contemporary Foreign Policy
The London School of Economics and Political Science Nationalism in Japan’s Contemporary Foreign Policy: A Consideration of the Cases of China, North Korea, and India Maiko Kuroki A thesis submitted to the Department of International Relations of the London School of Economics for the degree of Doctor of Philosophy, London, February 2013 Declaration I certify that the thesis I have presented for examination for the MPhil/PhD degree of the London School of Economics and Political Science is solely my own work other than where I have clearly indicated that it is the work of others (in which case the extent of any work carried out jointly by me and any other person is clearly identified in it). The copyright of this thesis rests with the author. Quotation from it is permitted, provided that full acknowledgement is made. This thesis may not be reproduced without my prior written consent. I warrant that this authorisation does not, to the best of my belief, infringe the rights of any third party. I declare that my thesis consists of <88,7630> words. Statement of use of third party for editorial help I can confirm that my thesis was copy edited for conventions of language, spelling and grammar by Josh Collins and Greg Demmons. 2 of 3 Abstract Under the Koizumi and Abe administrations, the deterioration of the Japan-China relationship and growing tension between Japan and North Korea were often interpreted as being caused by the rise of nationalism. This thesis aims to explore this question by looking at Japan’s foreign policy in the region and uncovering how political actors manipulated the concept of nationalism in foreign policy discourse. -
First Financial Restructuring and Operating Efficiency: Evidence from Taiwanese Commercial Banks
Journal of Banking & Finance 34 (2010) 1461–1471 Contents lists available at ScienceDirect Journal of Banking & Finance journal homepage: www.elsevier.com/locate/jbf First financial restructuring and operating efficiency: Evidence from Taiwanese commercial banks Hsing-Chin Hsiao a, Hsihui Chang b, Anna M. Cianci b,*, Li-Hua Huang a a Department of Accounting Information, National Taipei College of Business, Taipei City 100, Taiwan b Department of Accounting, LeBow College of Business, Drexel University, PA 19104, USA article info abstract Article history: This paper investigates the effect of the ‘‘First Financial Restructuring” (FFR) on the operating efficiency of Received 30 April 2008 commercial banks in Taiwan. Applying data envelopment analysis (DEA) to operations data for 40 com- Accepted 24 January 2010 mercial banks over the 6-year period 2000–2005, we find that while the banks have lower operating effi- Available online 1 February 2010 ciency on average during the reform period (2002–2003) compared to the pre-reform period (2000– 2001), improved operating efficiency is reflected in the post-reform period (2004–2005). Our results JEL classification: remain unchanged even after controlling for the non-performing loan ratio, capital adequacy ratio, bank G21 ownership, size, and GDP growth rate. These results suggest that the improved efficiency in the post- G28 reform period is possibly due to enhanced banking and risk management practices and benefits obtained Keywords: from compliance with the FFR. First Financial Restructuring (FFR) Ó 2010 Elsevier B.V. All rights reserved. Operating efficiency Commercial banks Data envelopment analysis (DEA) 1. Introduction an effort to foster banking efficiency (Denizer et al., 2007; Isik and Hassan, 2003; Zhao et al., 2010). -
Abenomics' Effect on Gender Inequality in Japanese Society And
Georgia Southern University Digital Commons@Georgia Southern Honors College Theses 2021 Abenomics’ Effect on Gender Inequality in Japanese Society and the Workplace Arianna C. Johnson Georgia Southern University Follow this and additional works at: https://digitalcommons.georgiasouthern.edu/honors-theses Part of the Japanese Studies Commons, and the Women's Studies Commons Recommended Citation Johnson, Arianna C., "Abenomics’ Effect on Gender Inequality in Japanese Society and the Workplace" (2021). Honors College Theses. 583. https://digitalcommons.georgiasouthern.edu/honors-theses/583 This thesis (open access) is brought to you for free and open access by Digital Commons@Georgia Southern. It has been accepted for inclusion in Honors College Theses by an authorized administrator of Digital Commons@Georgia Southern. For more information, please contact [email protected]. Abenomics’ Effect on Gender Inequality in Japanese Society and the Workplace An Honors Thesis submitted in partial fulfillment of the requirements for Honors in Political Science and International Studies. By Arianna C. Johnson Under the mentorship of Dr. Christopher M. Brown ABSTRACT In this study, I determine the extent to which Japan’s shrinking workforce population has been affected by gender roles. Many Asian countries are experiencing a prominent decline in birth rate and population, which has increased global interest in these issues. Prime Minister Shinzo Abe and Japanese government officials have eagerly responded, pushing Japanese women into the labor force as a possible solution. However, this decision has unanticipated drawbacks, which requires officials to address Japanese women’s concerns in and outside of the workplace. I argue that the Japanese government will have more success by addressing these needs, creating a more gender-equal society for Japanese women. -
Use of Insolvency Proceedings for Systemically Important Financial Institutions
INTERNATIONAL INSOLVENCY INSTITUTE Twelfth Annual International Insolvency Conference Supreme Court of France Paris, France SHOWCASE PRESENTATION: PLANNING FOR FAILURE: USE OF INSOLVENCY PROCEEDINGS FOR SYSTEMICALLY IMPORTANT FINANCIAL INSTITUTIONS Overview Of The Japanese Legal Framework To Resolve A Systemically Important Financial Institution In Insolvency Proceedings In Japan By Hideyuki Sakai Bingham McCutchen Murase Sakai Mimura Tokyo June 21-22, 2012 ©International Insolvency Institute 2012. All rights reserved. Admin*1656557.1 OVERVIEW OF THE JAPANESE LEGAL FRAMEWORK TO RESOLVE A SYSTEMICALLY IMPORTANT FINANCIAL INSTITUTION IN INSOLVENCY PROCEEDINGS IN JAPAN May 28, 2012 Hideyuki Sakai [email protected] Tokyo Tel: +81-3-6721-3131 (Direct) Introduction This article is intended to provide an overview of the Japanese legal framework within which the resolution of a systemically important financial institution would occur in Japan. While Japan has a well-established scheme of insolvency laws, there have been few insolvencies of Japanese regulated financial institutions in the past decade. In addition, Japanese courts have considerable latitude in administering insolvency proceedings and rendering decisions. The combination of these factors makes it difficult to predict with certainty the mechanisms for implementing a proposed resolution. International Context Japan is a member of the Group of Twenty (“G20”) and the Financial Stability Board (“FSB”). As such, Japan’s leaders have committed to pursue financial stability, implement international financial standards and undergo periodic peer reviews.1 On November 4, 2011, three Japanese financial institutions were named in the initial group of twenty-nine globally systemically important financial institutions (“G-SIFIs”) identified by the FSB and the Basel Committee on Banking Supervision (“BCBS”). -
Spring 2 0 1 9
W I N E L I S T | S P R I N G 2 0 1 9. IST EDITION. MMXIX. V A J R A B E V E R A G E P R O G R A M The VAJRA BEVERAGE PROGRAM is a thoughtfully curated list of wines, spirits and libations; designed to enhance the simple flavors of Vajra’s Nepalese and Indian cuisine and heritage. The experience of visible flavors and aromas of the cuisine, when paired with the best wines and spirits and concoctions thereof, is what we aspire to impart with our guests in their every visit. A lot of thought and time has been invested in order to bring together the perfect harmony of flavors, aromas and visual appeasements. With a perfect bottle of wine or the perfect cocktail crafted with you in the mind, Vajra is a place where we all get together, to celebrate life, family and friendships. This volume is an extension of VAJRA’s affable personality and amalgamation of many forms of hospitality and culture developed through the years in hospitality business. As we encourage our guests to partake in all forms of merriment, we implore, let this volume guide you. And that you guide us with your knowledge, as we constantly learn and evolve. Our staff will make sure your every question is answered, and that you will enjoy your evening with us. No sane man can afford to dispense with debilitating pleasures; no ascetic can be considered reliably sane. ~Robert M. Parker, Jr. 2 C O N T E N T I.