The rise and fall of abacus banking in Japan and China

by Yūkō Arayama

"Bankers in Japan and China are masters of accounting, not risk management, and American-style rescue packages won't solve their banking crises. Cleaning up balance sheets and purging nonperforming loans won't work either, say Arayama and Mourdoukoutas. The problem goes deeper, stemming from high growth environments and tight government regulation."--BOOK JACKET.