Jennifer Amyx

Assistant Professor
203 Stiteler Hall
Currently on leave
898-3289

Professor Amyx joined the Penn faculty in 2002 after teaching and carrying out research previously as a Post-Doctoral Fellow (1998-99) and Research Fellow (2000-2001) at the Australian National University (Canberra). 

Professor Amyx's work focuses on the political economy of East Asia, with a particular emphasis on the politics of financial regulation and reform in Japan and on regional financial cooperation initiatives in East Asia since the 1997-98 Asian Financial Crisis. Her book, Japan’s Financial Crisis: Institutional Rigidity and Reluctant Change (Princeton University Press, 2004) was awarded the 2005 Masayoshi Ohira Memorial Prize.  Her professional publications also include a 2003 volume edited with Peter Drysdale, Japanese Governance: Beyond Japan, Inc. Her 2001 paper titled, "Moving Beyond Bilateralism? Japan and the Asian Monetary Fund" was awarded the J.G. Crawford Award.

Dr. Amyx spent 2005-06 on sabbatical as a Council on Foreign Relations (CFR) International Affairs Fellow. In the first 6 months of her tenure, she worked in Tokyo on projects commissioned by Japan's Ministry of Finance (MOF) and by the ASEAN+3 Finance Ministers. She then spent the second 6 months of her tenure in Washington, DC, working in the East Asia Division at the US Department of the Treasury.

Professor Amyx has also held a number of visiting scholar positions at institutions in Japan, Australia and the US.  These have included the Institute for Fiscal and Monetary Policy (IFMP) in Japan's Ministry of Finance; Japan's Research Institute of Economy, Trade and Industry(RIET); the Bank of Japan (BOJ); the University of New South Wales School of Law; the East-West Center; and Stanford University's Shorenstein Asia/Pacific Research Center (A/PARC).

Current research includes two new book manuscripts near completion. The first delves into the political logic behind patterns of cooperation between financial and monetary authorities in East Asia since the Asian financial crisis; the second analyzes the transformation of Japan’s Liberal Democratic Party (LDP) and the political battle over postal privatization under the Koizumi Administration.  Other work in progress examines the politics of the reform of government financial institutions in Japan (focusing in particular on the Development Bank of Japan and on the Japan Bank for International Cooperation), analyzes the role of the Industrial Revitalization Corporation of Japan (IRCJ) in corporate restructuring and jump-starting of the private equity market in Japan,and examines the political economy of foreign exchange reserve management in Asia.

Research Interests: 
  • Japanese political economy
  • Comparative politics of East Asia
  • Politics of financial regulation and reform
  • Comparative analysis of institutional design and transitions
  • Role of bureaucracy in economic development
Selected Publications: 

"The Politics of Postal Savings Reform in Japan" (with Harukata Takenaka and A. Maria Toyoda) Asian Perspective, Vol.29, No.1, 2005, pp. 23-48.
(Read this article)

Japan’s Financial Crisis: Institutional Rigidity and Reluctant Change (Princeton, NJ: Princeton Univ. Press, 2004)
(Read the Introduction or buy this book from the publisher)

“What Motivates Regional Financial Cooperation in East Asia Today?” Asia-Pacific Issues Paper, No. 76, East-West Center. February, 2005.
(Read this article)

"A Bond Market for East Asia? The Evolving Political Dynamics of Regional Financial Cooperation" Pacific Economic Paper, No. 342, Australia-Japan Research Centre, Australian National University, 2004.
(Read this article)

“A New Face for Japanese Finance? Assessing the Impact of Recent Reforms” in Gil Latz, ed. Challenges for Japan: Political Leadership, U.S.-China-Japan Triangle, Financial Reform, and Gender Issues. (Tokyo International House of Japan, for the Shibusawa Eiichi Memorial Foundation, in English and Japanese, 2003), pp. 43-74.
(Read this chapter) (Word Read Only)

“Japan and the Evolution of Regional Financial Arrangements in East Asia” in Ellis Krauss and T.J. Pempel, eds. Beyond Bilateralism: U.S.-Japan Relations in the New Asia-Pacific (Stanford, CA: Stanford Univ. Press, 2003).
(Buy this book from the publisher)

Japanese Governance: Beyond Japan Inc. (Edited with Peter Drysdale), (RoutledgeCurzon Press, 2003).
(Buy this book from the publisher)

"Moving Beyond Bilateralism? Japan and the Asian Monetary Fund” Pacific Economic Paper, No. 331, Australia-Japan Research Centre, Australia National University, 2002.
(Read this article)

(translated by Masako Suginohara) “Ginko Kisoku: Furyo SaikenMondai to Ginko Gyosei” (Banking Regulations: The Non-performing LoanProblem and Banking Regulation) in Nobuhiro Hiwatari, ed. Ryudo-kino Nihon Seiji: ‘Ushinawareta Jyu-nen’ no Seijigaku-teki Kensho [TheVolatile Period of Japanese Politics: A Political Analysis of ‘the LostDecade’] (in Japanese) (Tokyo: Tokyo University Press, 2002).
(Read this chapter) (Word Read Only)

“Informality and Institutional Inertia: The Case of Japanese Financial Regulation” Japanese Journal of Political Science (Summer / Autumn 2001), pp. 47-66.

"Political Impediments to Far-Reaching Banking Reforms in Japan:Implications for Asia" in Gregory W. Noble and John Ravenhill, eds. The Asian Financial Crisis and the Architecture of Global Finance (Cambridge: Cambridge University Press, 2000), pp.132-151.
(Read this chapter) (Word Read Only)

Courses Taught: 
  • Political Economy of East Asia
  • Japanese Politics
  • Japanese Foreign Policy
  • U.S. Foreign Policy in East Asia

University of Pennsylvania
208 S. 37th Street, Room 217
Philadelphia, PA 19104-6215
Phone: (215) 898-7641

Edward Mansfield Chair
Matthew Levendusky Graduate Chair
John Lapinski Undergraduate Chair