Contents

１．Introduction: Financial Restructuring to Speed Recovery

Martin Neil Baily, Richard J. Herring, and Yuta Seki

PART I. THE U.S. APPROACH

２．Restructuring the U.S. Housing Market

Franklin Allen, James R. Barth, and Glenn Yago

３．Bankruptcy and Economic Recovery

Thomas Jackson and David Skeel

４．Reenergizing the IPO Market

Jay Ritter

PART II. THE JAPANESE APPROACH

５．Reconstructing and Revitalizing Japan's Financial Sector

Yuta Seki