Search Results
Showing results 1 to 10 of approximately 16.
(refine search)
Journal Article
Measuring the cost of \\"financial repression\\"
Journal Article
Sluggish money growth: Japan's recent experience
Journal Article
The use of equity positions by banks: the Japanese evidence
Journal Article
Saving-investment linkages in the Pacific Basin
Journal Article
How bad is the \\"bad loan problem\\" in Japan?
Journal Article
Banking and commerce: the Japanese case
Journal Article
Financial regulation and banking sector performance: a comparison of bad loan problems in Japan and Korea
We estimate the bad loan rate in Japan and Korea for 1973-1992 using data on defaults on notes issued by the corporate sector. This method exploits institutional features common in both countries which suggest a close linkage between default on notes and default on bank borrowing. Our main findings are as follows. First, the pattern of the estimated bad loan rate series generally conforms to past business cycle patterns in both countries. Second, the bad loan rate is substantially higher in Korea than Japan. Lastly, a much tighter linkage is observed for Japan between the bad loan rate ...
Journal Article
Stock prices and bank lending behavior in Japan
This study attempts to shed light on whether stock price movements have contributed to recent fluctuations in bank lending in Japan by examining the historical relationship between stock prices and bank lending in that country. It is found that prior to the mid-1980s the relationship between stock prices and bank lending was weak, but subsequently strengthened considerable. This coincided with a change in the regulatory environment that encouraged banking institutions to pay more attention to their capital positions. Since the late 1980s, fluctuations in stock prices appear to have made ...