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Item Type Article
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AA00260492-20080000-0001  
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Title
Title An Empirical Analysis of Japanese Banking Behavior in a Period of Financial Instability  
Kana  
Romanization  
Other Title
Title  
Kana  
Romanization  
Creator
Name Revankar, Nagesh  
Kana  
Romanization  
Affiliation Department of Economics, State University of New York at Buffalo, Buffalo, U.S.A  
Affiliation (Translated)  
Role  
Link  

Name 吉野, 直行  
Kana ヨシノ, ナオユキ  
Romanization Yoshino, Naoyuki  
Affiliation Department of Economics, Keio University, Tokyo, Japan  
Affiliation (Translated)  
Role  
Link  
Edition
 
Place
Tokyo  
Publisher
Name Keio Economic Society, Keio University  
Kana  
Romanization  
Date
Issued (from:yyyy) 2008  
Issued (to:yyyy)  
Created (yyyy-mm-dd)  
Updated (yyyy-mm-dd)  
Captured (yyyy-mm-dd)  
Physical description
 
Source Title
Name Keio economic studies  
Name (Translated)  
Volume 45  
Issue  
Year 2008  
Month  
Start page 1  
End page 15  
ISSN
00229709  
ISBN
 
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Doctoral dissertation
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Abstract
In this paper, we undertake to analyze the bank behavior in Japan during the period of financial instability between 1982 and 1995. We focus attention on empirically uncovering some factors which may have potentially initiated and sustained instability in the level 0floans extended by the Japanese banking industry. The development in this paper revolves around the following items. First, (a) we document evidence against profit-maximization and in favor of the fact that the Japanese banks in fact tended to supply loans beyond profit-maximization levels, thus accentuating the excess loan problem. Second, (b) the Japanese banks have recognized―certainly during the instability period, existence of interdependence (externalities) among themselves
with reference to loan supply decisions. We explore how the Cournot-type conjectural variation we consider, which engenders interdependence, has induced banks to indulge in aggressive loan expansion. Third, (c) we examine the bearing of the calllending rate on the financial instability.Fourth, (d) following the lead of several previous works, we investigate whether the capital requirement of the Basle Accord helped curtailloan levels. Finally, (e) we look at the impact of the land price on loan, both from the demand side and the supply side; study of the demand side is made possible by our use of an
aggregate loan demand function, absent in most previous works.
 
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Keyword
Japanese banking behavior  

Share maximization  

Interdependence among banks  
NDC
 
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Language
英語  
Type of resource
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Journal Article  
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Last modified date
Dec 16, 2009 09:00:00  
Creation date
Dec 16, 2009 09:00:00  
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/ Public / Faculty of Economics / Keio economic studies / 45 (2008)
 
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