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Capital Markets and Corporate Governance in Japan, Germany and the United States

Capital Markets and Corporate Governance in Japan, Germany and the United States

Why did financial keiretsu develop in Japan, but not in Germany and the United States? Why is bank intermediation more dominant in Germany and Japan than in the United States? What are the advantages and disadvantages of each system? Capital Markets and Corporate Governance in Japan, Germany and the United States answers these and related questions

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