| 書目名稱 | Hometown Investment Trust Funds | | 副標(biāo)題 | A Stable Way to Supp | | 編輯 | Naoyuki Yoshino,Sahoko Kaji | | 視頻video | http://file.papertrans.cn/429/428064/428064.mp4 | | 概述 | Proposes a new form of financial intermediation that was only recently started and has now been adopted as a national strategy in Japan.Explains the theoretical and institutional background of why thi | | 圖書封面 |  | | 描述 | .This book records the first success stories of a new form of financial intermediation, the hometown investment fund, that has become a national strategy in Japan, partly to meet the need to finance small and medium-sized enterprises (SMEs) after the devastating earthquake and tsunami in March 2011..The hometown investment fund has three main advantages. First, it contributes to financial market stability by lowering information asymmetry. Individual households and firms have direct access to information about the borrowing firms, mainly SMEs, that they lend to. Second, it is a stable source of risk capital. The fund is project driven. Firms and households decide to invest by getting to know the borrowers and their projects. In this way the fund distributes risk but not so that it renders risk intractable, which was the problem with the “originate and distribute” model. Third, it contributes to economic recovery by connecting firms and households with SMEs that are worthy of their support. It also creates employment opportunities, at the SMEs as well as for the pool of retirees from financial institutions who can help assess the projects..Introduction of the hometown investment fun | | 出版日期 | Book 2013 | | 關(guān)鍵詞 | Financial intermediation; Financial stability; Funding SMEs; Investment funds; Risk money | | 版次 | 1 | | doi | https://doi.org/10.1007/978-4-431-54309-1 | | isbn_softcover | 978-4-431-54753-2 | | isbn_ebook | 978-4-431-54309-1 | | copyright | Springer Japan 2013 |
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