Masami Imai is Associate Professor of Economics and the Chair/Director of East Asian Studies at Wesleyan University in Middletown, CT. He graduated from University of Wisconsin Eau Claire and holds a Ph.D. degree in Economics from University of California-Davis. He has held visiting position at World Bank, and has received research support from the Mellon Foundation and the Federal Deposit Insurance Corporation Center for Financial Research. His work has been published in American Economic Journal: Macroeconomics, Journal of Money, Credit, and Banking, Journal of Law and Economics, Public Choice, Journal of Banking and Finance, Explorations in Economic History, and Asian Economic Journal. His current research focuses on Japan’s banking system.