Advanced Search
MyIDEAS: Login

DebtRank Analysis of the Japanese Credit Network

Contents:

Author Info

  • AOYAMA Hideaki
  • Stefano BATTISTON
  • FUJIWARA Yoshi
Registered author(s):

    Abstract

    We present an analysis of the lending/borrowing relationship between Japanese banks and Japanese firms, which form a bipartite credit network. We introduce distress to some initial node(s) (banks or firms) and allow it to propagate and contaminate other nodes in this network according to the relative exposure. First, by choosing the initial node to be a bank and taking the weighted average of the resulting distress distribution, with the weight proportional to the size (total assets) of each node, we identify the bank's importance to the whole network at the time of crisis. This leads to a nonlinear relationship between the importance and the size of the bank, which implies that mergers with the same-sized partner would result the most in the increase in importance. Second, by introducing the initial distress to firms in certain industrial sector(s), we evaluate the vulnerability of banks and firms in other sectors due to the distress in the initial sectors.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.rieti.go.jp/jp/publications/dp/13e087.pdf
    Download Restriction: no

    Bibliographic Info

    Paper provided by Research Institute of Economy, Trade and Industry (RIETI) in its series Discussion papers with number 13087.

    as in new window
    Length: 20 pages
    Date of creation: Oct 2013
    Date of revision:
    Handle: RePEc:eti:dpaper:13087

    Contact details of provider:
    Postal: 11th floor, Annex, Ministry of Economy, Trade and Industry (METI) 1-3-1, Kasumigaseki Chiyoda-ku, Tokyo, 100-8901
    Phone: +81-3-3501-1363
    Fax: +81-3-3501-8577
    Email:
    Web page: http://www.rieti.go.jp/
    More information through EDIRC

    Related research

    Keywords:

    This paper has been announced in the following NEP Reports:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:eti:dpaper:13087. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (NUKATANI Sorahiko).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.