Journal Article

Banking relationships during financial distress: the evidence from Japan


Abstract: This article examines some implications of the failure of three large Japanese banks in 1997 and 1998. The authors examine the response in the equity returns of surviving Japanese banks to the three failure announcements. In addition, they provide evidence on the clients of failed and surviving banks.

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Provider: Federal Reserve Bank of Chicago

Part of Series: Economic Perspectives

Publication Date: 2003

Volume: 27

Issue: Q III