Financial Stabilization in Meiji Japan : : The Impact of the Matsukata Reform / / Steven J. Ericson.
With a new look at the 1880s financial reforms in Japan, Steven J. Ericson's Financial Stabilization in Meiji Japan overturns widely held views of the program carried out by Finance Minister Matsukata Masayoshi. As Ericson shows, rather than constituting an orthodox financial-stabilization prog...
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Place / Publishing House: | Ithaca, NY : : Cornell University Press, , [2020] ©2019 |
Year of Publication: | 2020 |
Language: | English |
Series: | Cornell Studies in Money
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Ericson, Steven J., author. aut http://id.loc.gov/vocabulary/relators/aut Financial Stabilization in Meiji Japan : The Impact of the Matsukata Reform / Steven J. Ericson. Ithaca, NY : Cornell University Press, [2020] ©2019 1 online resource (210 p.) : 5 b&w halftones, 2 charts text txt rdacontent computer c rdamedia online resource cr rdacarrier text file PDF rda Cornell Studies in Money Frontmatter -- Contents -- Acknowledgments -- Introduction: Departures from Orthodoxy -- 1. From "Ōkuma Finance" to "Matsukata Finance," 1873-1881 -- 2. Orthodox Finance and "The Dictates of Practical Expediency": Influences on Matsukata -- 3. Austerity and Expansion: The Matsukata Reform, 1881-1885 -- 4. Spending in a Time of "Retrenchment": Industrial Policy and the Military -- 5. Founding a Central Bank -- 6. "Poor Peasant, Poor Country"? The Matsukata Deflation -- Conclusion: The Matsukata Reform as "Expansionary Austerity" -- Notes -- Works Cited -- Index restricted access http://purl.org/coar/access_right/c_16ec online access with authorization star With a new look at the 1880s financial reforms in Japan, Steven J. Ericson's Financial Stabilization in Meiji Japan overturns widely held views of the program carried out by Finance Minister Matsukata Masayoshi. As Ericson shows, rather than constituting an orthodox financial-stabilization program-a sort of precursor of the "neoliberal" reforms promoted by the IMF in the 1980s and 1990s-Matsukata's policies differed in significant ways from both classical economic liberalism and neoliberal orthodoxy.The Matsukata financial reform has become famous largely for the wrong reasons, and Ericson sets the record straight. He shows that Matsukata intended to pursue fiscal retrenchment and budget-balancing when he became finance minister in late 1881. Various exigencies, including foreign military crises and a worsening domestic depression, compelled him instead to increase spending by running deficits and floating public bonds. Though he drastically reduced the money supply, he combined the positive and contractionary policies of his immediate predecessors to pull off a program of "expansionary austerity" paralleling state responses to financial crisis elsewhere in the world both then and now.Through a new and much-needed recalibration of this pivotal financial reform, Financial Stabilization in Meiji Japan demonstrates that, in several ways, ranging from state-led export promotion to the creation of a government-controlled central bank, Matsukata advanced policies that were more in line with a nationalist, developmentalist approach than with a liberal economic one. Ericson shows that Matsukata Masayoshi was far from a rigid adherent of classical economic liberalism. Issued also in print. Mode of access: Internet via World Wide Web. In English. Description based on online resource; title from PDF title page (publisher's Web site, viewed 02. Mrz 2022) Economic stabilization Japan History 19th century. Finance, Public Japan History 19th century. Asian Studies. General Economics. History. HISTORY / Asia / Japan. bisacsh finance, monetary policy, economic policy, economic development, economic conditions. Title is part of eBook package: De Gruyter Cornell University Press Complete eBook-Package 2020 9783110690460 Title is part of eBook package: De Gruyter EBOOK PACKAGE COMPLETE 2020 English 9783110704716 Title is part of eBook package: De Gruyter EBOOK PACKAGE COMPLETE 2020 9783110704518 ZDB-23-DGG Title is part of eBook package: De Gruyter EBOOK PACKAGE History 2020 English 9783110704730 Title is part of eBook package: De Gruyter EBOOK PACKAGE History 2020 9783110704525 ZDB-23-DEG print 9781501746932 https://doi.org/10.1515/9781501746925?locatt=mode:legacy https://www.degruyter.com/isbn/9781501746925 Cover https://www.degruyter.com/document/cover/isbn/9781501746925/original |
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English |
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Ericson, Steven J., Ericson, Steven J., |
spellingShingle |
Ericson, Steven J., Ericson, Steven J., Financial Stabilization in Meiji Japan : The Impact of the Matsukata Reform / Cornell Studies in Money Frontmatter -- Contents -- Acknowledgments -- Introduction: Departures from Orthodoxy -- 1. From "Ōkuma Finance" to "Matsukata Finance," 1873-1881 -- 2. Orthodox Finance and "The Dictates of Practical Expediency": Influences on Matsukata -- 3. Austerity and Expansion: The Matsukata Reform, 1881-1885 -- 4. Spending in a Time of "Retrenchment": Industrial Policy and the Military -- 5. Founding a Central Bank -- 6. "Poor Peasant, Poor Country"? The Matsukata Deflation -- Conclusion: The Matsukata Reform as "Expansionary Austerity" -- Notes -- Works Cited -- Index |
author_facet |
Ericson, Steven J., Ericson, Steven J., |
author_variant |
s j e sj sje s j e sj sje |
author_role |
VerfasserIn VerfasserIn |
author_sort |
Ericson, Steven J., |
title |
Financial Stabilization in Meiji Japan : The Impact of the Matsukata Reform / |
title_sub |
The Impact of the Matsukata Reform / |
title_full |
Financial Stabilization in Meiji Japan : The Impact of the Matsukata Reform / Steven J. Ericson. |
title_fullStr |
Financial Stabilization in Meiji Japan : The Impact of the Matsukata Reform / Steven J. Ericson. |
title_full_unstemmed |
Financial Stabilization in Meiji Japan : The Impact of the Matsukata Reform / Steven J. Ericson. |
title_auth |
Financial Stabilization in Meiji Japan : The Impact of the Matsukata Reform / |
title_alt |
Frontmatter -- Contents -- Acknowledgments -- Introduction: Departures from Orthodoxy -- 1. From "Ōkuma Finance" to "Matsukata Finance," 1873-1881 -- 2. Orthodox Finance and "The Dictates of Practical Expediency": Influences on Matsukata -- 3. Austerity and Expansion: The Matsukata Reform, 1881-1885 -- 4. Spending in a Time of "Retrenchment": Industrial Policy and the Military -- 5. Founding a Central Bank -- 6. "Poor Peasant, Poor Country"? The Matsukata Deflation -- Conclusion: The Matsukata Reform as "Expansionary Austerity" -- Notes -- Works Cited -- Index |
title_new |
Financial Stabilization in Meiji Japan : |
title_sort |
financial stabilization in meiji japan : the impact of the matsukata reform / |
series |
Cornell Studies in Money |
series2 |
Cornell Studies in Money |
publisher |
Cornell University Press, |
publishDate |
2020 |
physical |
1 online resource (210 p.) : 5 b&w halftones, 2 charts Issued also in print. |
contents |
Frontmatter -- Contents -- Acknowledgments -- Introduction: Departures from Orthodoxy -- 1. From "Ōkuma Finance" to "Matsukata Finance," 1873-1881 -- 2. Orthodox Finance and "The Dictates of Practical Expediency": Influences on Matsukata -- 3. Austerity and Expansion: The Matsukata Reform, 1881-1885 -- 4. Spending in a Time of "Retrenchment": Industrial Policy and the Military -- 5. Founding a Central Bank -- 6. "Poor Peasant, Poor Country"? The Matsukata Deflation -- Conclusion: The Matsukata Reform as "Expansionary Austerity" -- Notes -- Works Cited -- Index |
isbn |
9781501746925 9783110690460 9783110704716 9783110704518 9783110704730 9783110704525 9781501746932 |
callnumber-first |
H - Social Science |
callnumber-subject |
HJ - Public Finance |
callnumber-label |
HJ1393 |
callnumber-sort |
HJ 41393 E75 42019 |
geographic_facet |
Japan |
era_facet |
19th century. |
url |
https://doi.org/10.1515/9781501746925?locatt=mode:legacy https://www.degruyter.com/isbn/9781501746925 https://www.degruyter.com/document/cover/isbn/9781501746925/original |
illustrated |
Not Illustrated |
doi_str_mv |
10.1515/9781501746925?locatt=mode:legacy |
oclc_num |
1136965550 |
work_keys_str_mv |
AT ericsonstevenj financialstabilizationinmeijijapantheimpactofthematsukatareform |
status_str |
n |
ids_txt_mv |
(DE-B1597)527049 (OCoLC)1136965550 |
carrierType_str_mv |
cr |
hierarchy_parent_title |
Title is part of eBook package: De Gruyter Cornell University Press Complete eBook-Package 2020 Title is part of eBook package: De Gruyter EBOOK PACKAGE COMPLETE 2020 English Title is part of eBook package: De Gruyter EBOOK PACKAGE COMPLETE 2020 Title is part of eBook package: De Gruyter EBOOK PACKAGE History 2020 English Title is part of eBook package: De Gruyter EBOOK PACKAGE History 2020 |
is_hierarchy_title |
Financial Stabilization in Meiji Japan : The Impact of the Matsukata Reform / |
container_title |
Title is part of eBook package: De Gruyter Cornell University Press Complete eBook-Package 2020 |
_version_ |
1806143950048722944 |
fullrecord |
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