Alan Greenspan (auth.), Gerald P. O’Driscoll Jr., Stephen P.'s An Economic Perspective on the Southwest: Defining the PDF

By Alan Greenspan (auth.), Gerald P. O’Driscoll Jr., Stephen P. A. Brown (eds.)

ISBN-10: 1461367956

ISBN-13: 9781461367956

ISBN-10: 1461540143

ISBN-13: 9781461540144

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Extra resources for An Economic Perspective on the Southwest: Defining the Decade: Proceedings of the 1990 Conference on the Southwest Economy Sponsored by the Federal Reserve Bank of Dallas

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In the United States, everybody in government views himself or herself as a decisionmaker; in Japan, nobody makes decisions. And unlike the parliamentary democracies of England, Germany and France, theJapanese parliament has no real power, nor do the Japanese people. More than one observer of Japan has posited that if a Martian landed in Tokyo and said, "Take me to your leader," he would find that there is none. " The system, in van Wolferen's analysis, presents a variety of paradoxes. " It has no political center, yet it achieves consensus.

1980 ~ / / 1986 -~} 1987 1988 Securities 1989 Source: Nomura Securities, Ltd. S. dollars) 30 25 D Bonds 20 • Equities 15 10 5 0 -5 1981 1982 1983 1984 Note: 1990:1 figures are for January only. S. --_ _. - - 1981 1982 1983 1984 1985 1986 1987 1988 Note: 1990:1 figures are for January only. S. S. 5 1985 1986 1987 Notes: Figures are net purchases; Bonds and equities. Source: Bundesbank 1988 1989 1989 Richard W. S. S. dollars) 16 14 12 10 8 6 4 2 0 1985 1986 1987 Notes: Figures are net purchases; Bonds and equities.

48 Richard W Fisher Valuation Valued at the acquisition cost. Assets Money Trusts No limit on Special Money Trusts (Tokkins). For others, foreign bond holdings may not exceed 5 percent of total assets. Bonds only, no equities allowed. Valuation The valuation must be consistent with the accounting principle followed by the owner of the account (that is, insurance companies must use the lower of the acquisition cost or the market value method, while non-financial corporations may use the acquisition cost method).

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An Economic Perspective on the Southwest: Defining the Decade: Proceedings of the 1990 Conference on the Southwest Economy Sponsored by the Federal Reserve Bank of Dallas by Alan Greenspan (auth.), Gerald P. O’Driscoll Jr., Stephen P. A. Brown (eds.)


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