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1998 Fiscal Year Final Research Report Summary

ECONOMIC GROWTH AND THE DEVELOPMENT OF FINANCIAL SYSTEM IN JAPAN AND CHINA,1868-1914

Research Project

Project/Area Number 08453008
Research Category

Grant-in-Aid for Scientific Research (B)

Allocation TypeSingle-year Grants
Section一般
Research Field Economic history
Research InstitutionHOSEI UNIVERSITY

Principal Investigator

TSURUMI Masayoshi  HOSEI UNIVERSITY,FACULTY OF ECONOMICS,PROFESSOR, 経済学部, 教授 (10061227)

Co-Investigator(Kenkyū-buntansha) YOKOUCHI Masao  HOSEI UNIVERSITY,FACULTY OF BUSINESS ADMINSTRATION,PROFESSOR, 経営学部, 教授 (20166870)
NISHIMURA Shizuya  HOSEI UNIVERSITY,HONORABLE PROFESSOR, 名誉教授 (30061039)
Project Period (FY) 1996 – 1998
KeywordsFinancial History / Foreigen Bank / Industrial Finance / Economic Development / Chinese Economy / Japanese Economy / Interbank Market / Trade Finance
Research Abstract

The purpose of this project is to research about a role of banks for economic development in Japan and China in order to re-assess the Gershenkron-hypothesis that focused on big role of banks for late-comer's high economic development.
Regard to the Japanese case, we gathered and analysed a balance sheet indicated a finance structure of industrial enterprises in pre-war Japan. The result of the research are following ; The first point is that big enterprises in leading sectors, such as the rail road, the electric power, the gas, spinning industry, raised funds from a stock market. The second one is that the smaller an amount of capital of an enterprise, the higher a share of fund-raising from a debt market such as bank loan.This is one of new fact-finding of this project.
We could find new facts about roles of foreign banks and traditional banking institutions in China. The first result of the research is that the foreign banks contributed to not only financing foreign trade but also raising foreign loan in China. The second one is that the. foreign banks and the tradi-tional banking institutions are supplememtary each other regards to China' s finacing foreign trade.
We also analysed the Inspector Report of the Hong Kong Shanghai Banking Corporation Yokohama Branch in 1914. The result of the research are following ; The first one is that London Acceptanc had taken the palce of "Interest Bill of Exchange", traditional way of trade finace in Asia before the first world war ; The second one is that Japanese enterprises, like American enterprises, had acquired short-term finance from the London money market by the drawings of finane bills.

  • Research Products

    (6 results)

All Other

All Publications (6 results)

  • [Publications] Shizuya Nishimura: "International Banking in the China Market before the Second World War" London School of Economics and Politocal Science, The Suntry Center Discussion Paper. IS/97/330. 1-30 (1997)

    • Description
      「研究成果報告書概要(和文)」より
  • [Publications] 西村閑也: "上海における英系海外銀行 1890-1913年" 法政大学経営学会『経営志林』. 34巻4号. 1-20 (1998)

    • Description
      「研究成果報告書概要(和文)」より
  • [Publications] 西村閑也: "在上海外国銀行と現地銀行(銭荘)1890-1919-チョップ・ローンのメカニズム-" 法政大学経営学会『経営志林』. 35巻3号. 1-19 (1998)

    • Description
      「研究成果報告書概要(和文)」より
  • [Publications] Shizuya Nishimura: ""International Banking in the China Market before the Second World War"" London School of Economics and Politocal Science, The Suntry Center discussion Paper No.IS/97/330, June 1997, London.

    • Description
      「研究成果報告書概要(欧文)」より
  • [Publications] Shizuya Nishimura: ""Shanghai niokeru eikei kaigai ginkou, 1890-1913" (British Banks in Shanghai, 1890-1913)" Keiei Shirin (The Hosei Journal of Business). Vol.34 No.4. (1998)

    • Description
      「研究成果報告書概要(欧文)」より
  • [Publications] Shizuya Nishimura: ""Zai Shanghai Gaikoku Ginkou to Genchi Ginkou (Sensou), 190-1913-Chop Loan no Mechanismn" (The Foreign Banks and the Chinese Native Banks-Chop Loans in Shanghai, 1890-1913)" Keiei Shirin (The Hosei Journal of Business). Vol.35 No.3. (1998)

    • Description
      「研究成果報告書概要(欧文)」より

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Published: 1999-12-08  

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