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On the impact of quantitative easing on credit standards and systemic risk: The Japanese experience

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  • Vu, Anh Nguyet

Abstract

This study provides empirical evidence on the impact of quantitative easing on credit standards and systemic risk in Japanese banks. Quantitative easing leads to softened credit standards of approving loan applications. Bank systemic risk, however, decreases following the expansion of asset purchase programmes.

Suggested Citation

  • Vu, Anh Nguyet, 2020. "On the impact of quantitative easing on credit standards and systemic risk: The Japanese experience," Economics Letters, Elsevier, vol. 186(C).
    • Handle: RePEc:eee:ecolet:v:186:y:2020:i:c:s0165176519302459
    DOI: 10.1016/j.econlet.2019.07.005
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    Cited by:

    1. El Kalak, Izidin & Tosun, Onur Kemal & Yamada, Kazuo, 2023. "The Bank of Japan’s equity purchases and stock price crash risk," Economics Letters, Elsevier, vol. 229(C).

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    More about this item

    Keywords

    Quantitative easing; Credit standards; Bank systemic risk; Japan;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy

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