... taking place, the street was gay with coaches and
sedan-chairs, andthe attire ofthe people who then gathered was as brilliant as a flight
of cockatoos. It was a period of spectacular dress and ... one, and although they
had not won all that they had wanted, it was nevertheless a great satisfaction that they
had accomplished so much, and they were now applying themselves with great zest ... of members to appreciate the importance ofthe issues. Much of
the tedious and pointless character of their speeches may be ascribed to the lack ofthe
personal presence ofthe Secretary. There...
... agrees
to a below-market interest rate in exchange for a share ofthe appreciated value ofthe collateral property.
The share ofthe appreciated value is determined and due at the sale ofthe property ... decide on the appropriate composition
of the on- and o-balance-sheet activities allowed by banks to ensure adequate liquidity, capital, and duration
match of assets and liabilities. A balance must ... 8
Buildup and Meltdown of
the Mortgage and Credit Markets
The demand for residential real estate was seemingly insatiable. After rising at an average annual rate of slightly
less than 3 percent...
... precepts of humanity andofthe Gospel. The experience of ages had betrayed the weakness, as well as
folly, of Paganism; the light of reason andof faith had already exposed, to the greatest part of ... imprudence, andthe perfidious arts of Maximus; but they wanted time, and
force, and resolution, to stand against the Gauls and Germans, either in the field, or within the walls ofa large
and disaffected ... in a firm and equal tone, to offer Theodosius the alternative
of peace, or war. The speech ofthe ambassador concluded with a spirited declaration, that although Maximus,
as a Roman, and as the...
... Justinian was born ^1 near the ruins of Sardica, (the modern Sophia,) of an obscure race ^2 of
Barbarians, ^3 the inhabitants ofa wild and desolate country, to which the names of Dardania, of Dacia, ... Walamir had fallen in battle;
the youngest ofthe brothers, Widimir, had led away into Italy and Gaul an army of Barbarians, andthe whole
nation acknowledged for their king the father of Theodoric. ... into the Bay of Naples, commanded the various prospect ofthe sky, the earth, andthe water. On the
eastern side ofthe Adriatic, a new Campania was formed in the fair and fruitful province of...
... navigation ofthe Red Sea. In the markets of Saana and Merab, in the
harbors of Oman and Aden, the camels ofthe Koreishites were laden with a precious cargo of aromatics; a
supply of corn and ... by the apostolic librarians and notaries ofthe viiith and ixth centuries; and that the
last and smallest part is the work of Anastasius, whose name it bears. The style is barbarous, the narrative
partial, ... over the useful animals; andthe Arabian shepherd had acquired the absolute possession ofa faithful
friend anda laborious slave. ^11 Arabia, in the opinion ofthe naturalist, is the genuine and...
... sight ofthe duke of Swabia and his way-worn
remnant of five thousand Germans. At length, in the spring ofthe second year, the royal fleets of France and
England cast anchor in the Bay of Acre, and ... voluntary and precarious, had embarked in their
vessels for the long navigation ofthe ocean and Mediterranean; and many ofthe French and Italians had
preferred a cheaper and more convenient passage ... scandal in the West.] The honor ofthe monarchy andthe safety of
the capital were deeply wounded by the revolt ofthe Bulgarians and Walachians. Since the victory of the
second Basil, they had...
... of Carolina, partly by water and partly by land, the stranger has an excellent view
of the natural beauties, and rural inhabitants ofthe forest. At a distance the marshes and savannas appear ... men ofthe nation,
actuated by a pious and laudable zeal for the propagation ofthe Gospel, associated, and formed a design of
settling it at their own expence. To give an account oftheriseand ... obstacles, and was productive of more serious and fatal
An Historical Account oftheRiseand Progress ofthe Colonies of South Carolina and Georgia, vol 110
ruins; and if they turn not headstrong and...
... our
safety and quiet while wars and rumors of wars have agitated and afflicted other nations ofthe earth; for our
A Compilation ofthe Messages and Papers ofthe Presidents 11
any ofthe public ... T.F. BAYARD, Secretary of State.
A Compilation ofthe Messages and Papers ofthe Presidents 9
In my annual message ofthe 8th of December last I said:
In the application ofthe acts lately passed ... apart
Thursday, the 26th day of November instant, as a day of public thanksgiving and prayer, and do invoke the
observance ofthe same by all the people ofthe land.
On that day let all secular business...
... thing can recur, the very
same thing cannot recur. As we shall see, the failure of Saint Paul andthe earliest
[ 20 ] theriseandfallof soul and self
unifi ed we are mentally and how whatever ...
thank the Research Development Fund of Dalhousie University, the Social Sci-
ence and Humanities Research Council of Canada, the General Research Board
of the University of Maryland, andthe ... express the modern idea that there is such a thing as one’s true self . Wedding
the traditional Greek ideal of realizing human excellence with a Roman, and
[ 16 ] theriseandfallof soul and...
... other sounds to strangers via the airwaves, broadcasting was suddenly in the
reach of just about anyone, and very soon all sorts of ideas as to what shape it should take, from the
rather banal ... society.
The arrival of mass broadcasting inspired, in the United States and around the world, an
extraordinary faith in its potential as the benefactor, perhaps even a savior, of mankind. And while the
reason ... side ofthe Atlantic, in the geographically
vast United States, isolated clusters of local and mostly amateur operators, inspired by the enthusiasm
of the hobbyist anda somewhat vague though earnest...
... shop, and parish. It was bordered to the east by
the tracks ofthe Illinois Central Railroad and to the north by a red board fence, beyond which lay a
no-man’s-land of train yards and factories. ... and
luncheonettes and, almost everywhere, brokerage firms and banks. The Fed’s immediate neighbors
include a shoe repair stand anda teriyaki house, and also Chase Manhattan Bank; J. P. Morgan is a
few blocks ... Hawkins, an
Arkansan who had helped run Bill Clinton’s campaign for state attorney general and had then gotten a
Ph.D. in financial economics from MIT; and William Krasker, an intense, mathematically...
... 19
3. TheFallof Abacus Banking in Japan 53
4. The Banking Crisis 73
II. TheRiseandFallof Abacus Banking andthe Looming
Banking Crisis in China 99
5. TheRiseof Abacus Banking in China 101
6. ... Cataloging-in-Publication Data
Arayama, Yuko, 1951–
The riseandfallof abacus banking in Japan and China / Yuko Arayama, Panos
Mourdoukoutas.
p. cm.
Includes bibliographical references and index.
ISBN ... xi
Preface xv
Acknowledgments xix
1. Beyond Non-performing Assets: Abacus Banking 1
I. TheRiseandFallof Abacus Banking andthe Banking
Crisis in Japan 17
2. TheRiseof Abacus Banking in Japan...
... per Bank Worker in Japan, China, andthe United States (1981–1998)
10 TheRiseandFallof Abacus Banking in Japan and China
ã Corporate governance provided bank managers a free hand in managing
assets ... avail. At the same time, the Japanese government has launched
an aggressive fiscal stimulus package that poured billions of yen into
TheRiseandFall
of Abacus Banking
in Japan and China
8 TheRise ... 2 TheRiseandFallof Abacus Banking in Japan and China
The Japanese way of doing things seems to fit this stage of history better The
Japanese system puts emphasis on stability and teamwork and...
... the BOJ.’’
23
This means that the BOJ vir-
34 TheRiseandFallof Abacus Banking in Japan and China
This means that Japanese bankers did not make a special effort to ap-
praise and assess the ... of industry, the Jap-
anese bureaucracy serves as a facilitator, an organization dedicated to
20 TheRiseandFallof Abacus Banking in Japan and China
bank anda moderate fee are sufficient for ... United States, a visit to the local branch ofa major
32 TheRiseandFallof Abacus Banking in Japan and China
tually eliminated liquidity risk, a traditional banking risk. Adams and
Hoshii...