PUBLICATIONS & REPORTS
PUBLICATIONS & REPORTS
From Kitakyushu to the world: AGI, a research institute that studies Asia's economy and society
The Evolving Role of National Development Banks in East Asia
| Author | Jennifer Amyx, A. Maria Toyoda |
|---|---|
| Date of Publication | 2006. 12 |
| No. | 2006-26 |
| Download | 787KB |
Contents Introduction
Numerous countries across the globe face significant challenges today in competently regulating, supervising and reforming government-backed financial institutions in line with a changing business environment. Since 2003, accounting irregularities surrounding government-sponsored mortgage finance companies Fannie Mae and Freddie Mac have grabbed the headlines in the U.S., while in Japan, a political battle has unfolded surrounding the Prime Minister Jun’ichiro Koizumi's attempts to privatize that country's government-backed postal savings system.