Add to ORKGWe 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 and a set of plausible economic explanatory variables. We offer some interpretation for these findings.Bank loans ; Korea ; Japan ; Banks and banking - Pacif...
We examine the role of bank loans in the Japanese economy by analyzing the lending behavior of banki...
The authors suggest that the credit channel - as a transmitter of monetary and financial shocks - ap...
When a borrower faces an informational hold-up problem, deteriorating bank health might reduce a bor...
In this paper we trace the increase in Japanese banks' loan spreads and ex ante riskiness of their l...
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...
The focus of this paper is to obtain a realistic estimate of real Japanese Bank Losses. The insights...
This dissertation asks whether Japanese main bank monitoring relationships were disturbed by the de...
The paper provides new empirical evidence on factors that determine the profitability of the banking...
Japan's financial system, and especially its banking system, today are in substantial trouble, epito...
The Asian financial crisis spread its effect quickly across a number of countries. Korea faced serio...
This paper considers the performance of banks, domestic and foreign, in Korea prior to, during, and ...
In modern society, commercial bank has become an indispensable financial intermediary in every count...
The financial systems of Japan, Korea and Taiwan have not just grown, they have been profoundly tran...
Why did Japan’s non-performing loan problems and the banking crisis last more than a decade? We prov...
We examine the role of bank loans in the Japanese economy by analyzing the lending behavior of banki...
The authors suggest that the credit channel - as a transmitter of monetary and financial shocks - ap...
When a borrower faces an informational hold-up problem, deteriorating bank health might reduce a bor...
In this paper we trace the increase in Japanese banks' loan spreads and ex ante riskiness of their l...
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...
The focus of this paper is to obtain a realistic estimate of real Japanese Bank Losses. The insights...
This dissertation asks whether Japanese main bank monitoring relationships were disturbed by the de...
The paper provides new empirical evidence on factors that determine the profitability of the banking...
Japan's financial system, and especially its banking system, today are in substantial trouble, epito...
The Asian financial crisis spread its effect quickly across a number of countries. Korea faced serio...
This paper considers the performance of banks, domestic and foreign, in Korea prior to, during, and ...
In modern society, commercial bank has become an indispensable financial intermediary in every count...
The financial systems of Japan, Korea and Taiwan have not just grown, they have been profoundly tran...
Why did Japan’s non-performing loan problems and the banking crisis last more than a decade? We prov...
We examine the role of bank loans in the Japanese economy by analyzing the lending behavior of banki...
The authors suggest that the credit channel - as a transmitter of monetary and financial shocks - ap...
When a borrower faces an informational hold-up problem, deteriorating bank health might reduce a bor...