In this paper we trace the increase in Japanese banks' loan spreads and ex ante riskiness of their loan portfolios in the late 1980s and early 1990s. We show that within the three sets of city, trust, and long-term banks, the banks with the highest late-1980s capital deficiencies vis-a-vis the then-impending BIS capital standards had the highest growth rates in risky lending. They also had the highest short-term growth rates in retained earnings which count as Tier I capital. We describe how banks were led to enhance their BIS capital ratios in this way because of the inflexible loan loss provisioning and write-off procedures they faced in Japan. Taken together, the events illustrate the perils of partial regulatory change, whether in the p...
This paper shows how main bank rent extraction affects corporate decisions about investment and fina...
From 2001 to 2008, Japanese banks experienced rescue policies and financial crisis, which was a spec...
Despite the downward trend of land prices and the ex-post low return on real estate loans, Japanese ...
We present evidence that the loan problems of Japanese banks are related to the introduction of the ...
This dissertation uses both micro-level and macro-level empirical analysis to examine the role of fi...
Why did Japan’s non-performing loan problems and the banking crisis last more than a decade? We prov...
In modern society, commercial bank has become an indispensable financial intermediary in every count...
The 1998 passage of the Land Revaluation Law in Japan provided regulatory forbearance to Japanese ba...
The focus of this paper is to obtain a realistic estimate of real Japanese Bank Losses. The insights...
Japan's financial system, and especially its banking system, today are in substantial trouble, epito...
When a borrower faces an informational hold-up problem, deteriorating bank health might reduce a bor...
We examine the reason that there have coexisted the two opposing views on distressed banks' lending ...
While it is well established that bank lending to severely impaired (zombie) Japanese firms during t...
Abstract Using the real estate lending share of the bank's loan portfolio at the peak of the la...
This paper was presented at the conference on Designing Financial Systems in East Asia and Japan: To...
This paper shows how main bank rent extraction affects corporate decisions about investment and fina...
From 2001 to 2008, Japanese banks experienced rescue policies and financial crisis, which was a spec...
Despite the downward trend of land prices and the ex-post low return on real estate loans, Japanese ...
We present evidence that the loan problems of Japanese banks are related to the introduction of the ...
This dissertation uses both micro-level and macro-level empirical analysis to examine the role of fi...
Why did Japan’s non-performing loan problems and the banking crisis last more than a decade? We prov...
In modern society, commercial bank has become an indispensable financial intermediary in every count...
The 1998 passage of the Land Revaluation Law in Japan provided regulatory forbearance to Japanese ba...
The focus of this paper is to obtain a realistic estimate of real Japanese Bank Losses. The insights...
Japan's financial system, and especially its banking system, today are in substantial trouble, epito...
When a borrower faces an informational hold-up problem, deteriorating bank health might reduce a bor...
We examine the reason that there have coexisted the two opposing views on distressed banks' lending ...
While it is well established that bank lending to severely impaired (zombie) Japanese firms during t...
Abstract Using the real estate lending share of the bank's loan portfolio at the peak of the la...
This paper was presented at the conference on Designing Financial Systems in East Asia and Japan: To...
This paper shows how main bank rent extraction affects corporate decisions about investment and fina...
From 2001 to 2008, Japanese banks experienced rescue policies and financial crisis, which was a spec...
Despite the downward trend of land prices and the ex-post low return on real estate loans, Japanese ...