{"id":717,"date":"2014-09-18T01:53:53","date_gmt":"2014-09-18T01:53:53","guid":{"rendered":"https:\/\/www.nomurafoundation.or.jp\/en\/?p=717"},"modified":"2026-01-26T11:26:05","modified_gmt":"2026-01-26T02:26:05","slug":"us_issue02","status":"publish","type":"post","link":"https:\/\/www.nomurafoundation.or.jp\/en\/capital\/us_issue02.html","title":{"rendered":"New Financial Instruments and Institutions:Opportunities and Policy Challenges"},"content":{"rendered":"\t\t\t<section class=\"content\">\r\n\t\t\t\t<div class=\"section_content_wrap\">\r\n\t\t\t\t\t<div class=\"flex_between gap32\">\r\n\t\t\t\t\t\t<dl class=\"midashi_color_border\">\r\n\t\t\t\t\t\t\t<dt>\r\n\t\t\t\t\t\t\t\tYasuyuki Fuchita, Richard J. Herring, and Robert E. Litan, editors\r\n\t\t\t\t\t\t\t<\/dt>\r\n\t\t\t\t\t\t\t<dd>\r\n\t\t\t\t\t\t\t\t<div class=\"link_fuchi\">\r\n\t\t\t\t\t\t\t\t\t<a href=\"http:\/\/www.brookings.edu\/press\/Books\/2007\/newfinancialinstrumentsandinstitutions.aspx\" target=\"_blank\">\r\n\t\t\t\t\t\t\t\t\t\tOrder from Brookings Institution Press\r\n\t\t\t\t\t\t\t\t\t<\/a>\r\n\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t<\/dd>\r\n\t\t\t\t\t\t<\/dl>\r\n\t\t\t\t\t\t<div class=\"board_list_thumbnail\">\r\n\t\t\t\t\t\t\t<a href=\"http:\/\/www.brookings.edu\/press\/Books\/2007\/newfinancialinstrumentsandinstitutions.aspx\">\r\n\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/www.nomurafoundation.or.jp\/include\/img\/2014\/09\/us_cover02_en.jpg\">\r\n\t\t\t\t\t\t\t<\/a>\r\n\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t<\/div><!--\/.flex_between.gap32-->\r\n\t\t\t\t<\/div><!--\/.section_content_wrap-->\r\n\t\t\t\t<div class=\"section_content_wrap\">\r\n\t\t\t\t\t<h3 class=\"h3_title\">\r\n\t\t\t\t\t\tContents\r\n\t\t\t\t\t<\/h3>\r\n\t\t\t\t\t<dl class=\"midashi_bold_list\">\r\n\t\t\t\t\t\t<dt>\r\n\t\t\t\t\t\t\t1. Introduction\r\n\t\t\t\t\t\t<\/dt>\r\n\t\t\t\t\t\t<dd>\r\n\t\t\t\t\t\t\tYasuyuki Fuchita (Nomura Institute of Capital Markets Research)<br>\r\n\t\t\t\t\t\t\tRobert E. Litan (Brookings Institution)\r\n\t\t\t\t\t\t<\/dd>\r\n\t\t\t\t\t<\/dl>\r\n\t\t\t\t\t<dl class=\"midashi_bold_list\">\r\n\t\t\t\t\t\t<dt>\r\n\t\t\t\t\t\t\t2. ETFs and REITs in Japan: Innovation and Steps for Future Growth\r\n\t\t\t\t\t\t<\/dt>\r\n\t\t\t\t\t\t<dd>\r\n\t\t\t\t\t\t\tYuta Seki (Nomura Institute of Capital Markets Research)\r\n\t\t\t\t\t\t<\/dd>\r\n\t\t\t\t\t<\/dl>\r\n\t\t\t\t\t<dl class=\"midashi_bold_list\">\r\n\t\t\t\t\t\t<dt>\r\n\t\t\t\t\t\t\t3. Securitization of Residential Mortgages: Can Japan Create a \"Good\" GSE?\r\n\t\t\t\t\t\t<\/dt>\r\n\t\t\t\t\t\t<dd>\r\n\t\t\t\t\t\t\tYasuyuki Fuchita (Nomura Institute of Capital Markets Research)\r\n\t\t\t\t\t\t<\/dd>\r\n\t\t\t\t\t<\/dl>\r\n\t\t\t\t\t<dl class=\"midashi_bold_list\">\r\n\t\t\t\t\t\t<dt>\r\n\t\t\t\t\t\t\tComment on chapters 2 and 3\r\n\t\t\t\t\t\t<\/dt>\r\n\t\t\t\t\t\t<dd>\r\n\t\t\t\t\t\t\tPosen (Peterson Institute for International Economics)\r\n\t\t\t\t\t\t<\/dd>\r\n\t\t\t\t\t<\/dl>\r\n\t\t\t\t\t<dl class=\"midashi_bold_list\">\r\n\t\t\t\t\t\t<dt>\r\n\t\t\t\t\t\t\t4. Gap Filling, Hedge Funds, and Financial Innovation\r\n\t\t\t\t\t\t<\/dt>\r\n\t\t\t\t\t\t<dd>\r\n    \t\t\t\t\t\tFrank Partnoy (University of San Diego Law School)<br>\r\n       \t\t\t\t\t\tRandall Thomas (Vanderbilt University Law School)\r\n       \t\t\t\t\t<\/dd>\r\n       \t\t\t\t<\/dl>\r\n\t\t\t\t\t<dl class=\"midashi_bold_list\">\r\n\t\t\t\t\t\t<dt>\r\n\t\t\t\t\t\t\t5. The Rise of the U.S. Private Equity Market\r\n\t\t\t\t\t\t<\/dt>\r\n\t\t\t\t\t\t<dd>\r\n    \t\t\t\t\t\tThomas Boulton (University of Pittsburgh)<br>\r\n    \t\t\t\t\t\tKenneth Lehn (University of Pittsburgh)<br>\r\n    \t\t\t\t\t\tSteven Segal (Boston University)\r\n       \t\t\t\t\t<\/dd>\r\n       \t\t\t\t<\/dl>\r\n\t\t\t\t\t<dl class=\"midashi_bold_list\">\r\n\t\t\t\t\t\t<dt>\r\n\t\t\t\t\t\t\tComment on chapters 4 and 5\r\n\t\t\t\t\t\t<\/dt>\r\n\t\t\t\t\t\t<dd>\r\n    \t\t\t\t\t\tFranklin R. Edwards (Columbia Business School)\r\n       \t\t\t\t\t<\/dd>\r\n       \t\t\t\t<\/dl>\r\n\t\t\t\t\t<dl class=\"midashi_bold_list\">\r\n\t\t\t\t\t\t<dt>\r\n\t\t\t\t\t\t\t6. Policy Issues Raised by Structured Products\r\n\t\t\t\t\t\t<\/dt>\r\n\t\t\t\t\t\t<dd>\r\n    \t\t\t\t\t\tJennifer E. Bethel (Babson College)<br>\r\n    \t\t\t\t\t\tAllen Ferrell (Harvard Law School)\r\n       \t\t\t\t\t<\/dd>\r\n       \t\t\t\t<\/dl>\r\n\t\t\t\t\t<dl class=\"midashi_bold_list\">\r\n\t\t\t\t\t\t<dt>\r\n\t\t\t\t\t\t\t7. The Development of Improved Exchanged-Traded Funds in the United States\r\n\t\t\t\t\t\t<\/dt>\r\n\t\t\t\t\t\t<dd>\r\n    \t\t\t\t\t\tTodd Broms and Gary L. Gastineau (Managed ETFs LLC)\r\n       \t\t\t\t\t<\/dd>\r\n       \t\t\t\t<\/dl>\r\n\t\t\t\t\t<dl class=\"midashi_bold_list\">\r\n\t\t\t\t\t\t<dt>\r\n\t\t\t\t\t\t\tComment on chapters 6 and 7\r\n\t\t\t\t\t\t<\/dt>\r\n\t\t\t\t\t\t<dd>\r\n    \t\t\t\t\t\tKenneth E. Scott (Stanford Law School)\r\n       \t\t\t\t\t<\/dd>\r\n       \t\t\t\t<\/dl>\r\n\t\t\t\t<\/div><!--\/.section_content_wrap-->\r\n\t\t\t<\/section><!--\/.content-->","protected":false},"excerpt":{"rendered":"Yasuyuki Fuchita, Richard J. Herring, and Robert E. Litan, editors Order from Brookings Institution Press Cont [&hellip;]","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-717","post","type-post","status-publish","format-standard","hentry","category-capital"],"_links":{"self":[{"href":"https:\/\/www.nomurafoundation.or.jp\/en\/wp-json\/wp\/v2\/posts\/717","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nomurafoundation.or.jp\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nomurafoundation.or.jp\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nomurafoundation.or.jp\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nomurafoundation.or.jp\/en\/wp-json\/wp\/v2\/comments?post=717"}],"version-history":[{"count":2,"href":"https:\/\/www.nomurafoundation.or.jp\/en\/wp-json\/wp\/v2\/posts\/717\/revisions"}],"predecessor-version":[{"id":11601,"href":"https:\/\/www.nomurafoundation.or.jp\/en\/wp-json\/wp\/v2\/posts\/717\/revisions\/11601"}],"wp:attachment":[{"href":"https:\/\/www.nomurafoundation.or.jp\/en\/wp-json\/wp\/v2\/media?parent=717"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nomurafoundation.or.jp\/en\/wp-json\/wp\/v2\/categories?post=717"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nomurafoundation.or.jp\/en\/wp-json\/wp\/v2\/tags?post=717"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}