エヴァートン対afcボーンマス順位

Title Behold the 'Behemoth'. The privatization of Japan Post Bank Abstract This paper analyzes the privatization process of the Japanese Post Bank (JPB), the largest bank in the world. We report some evidence in favour of the "political view" of SOB's and argue that, before privatization, postal savings banks served as vehicles for politicians to reallocate funds in exchange for private rents. We ask why politicians in Japan decided to privatize the postal savings system, predict how the privatization will proceed and study the expected results of the privatization process. We argue that there will be no level playing field in bank competition after the start of the privatization process and discuss possible out-comes of JPB privatization on financial stability in Japan. Keywords: Public banking �@�@�@�@�@�@ Japan �@�@�@�@�@�@ Privatization �@�@�@�@�@�@ Postal savings banks JEL Classification: G21; G28; L32; P12 Uwe VOLLMER Economics Department, University of Leipzig Diemo DIETRICH Halle Institute for Economic Research Ralf BEBENROTH Research Institute for Economics and Business Administration Kobe University Rokkodai-cho, Nada-ku, Kobe 657-8501 Japan Phone: (81) 78 803 7036 Fax: (81) 78 803 7059