This file is part of IDEAS , which uses RePEc data
[ Papers |
Articles |
Software |
Books |
Chapters |
Authors |
Institutions |
JEL Classification |
NEP reports |
Search |
New papers by email |
Author registration |
Rankings |
Volunteers |
FAQ |
Blog |
Help! ]
Banking in Japan: Will "Too Big To Fail" Prevail? Author info | Abstract | Publisher info | Download info | Related research | Statistics Rixtel, Adrian van
Wiwattanakantang, Yupana
Souma, Toshiyuki
Suzuki, Kazunori
Additional information is available for the following
registered author(s):
This paper reviews the evolution of the Japanese banking sector and the development of the banking crisis in Japan in the context of "too big to fail." It describes the deterioration of the Japanese financial sector caused by the bad loan problems and the failure of policymakers to get a grip on the underlying problems. Even at the start of the new century, Japanese policymakers still continue to struggle to find the right policy response to tackle the banking problems and how to avoid moral hazard behavior intertwined with "too big to fail" concerns. The increasing concentration in the Japanese banking industry, which is now dominated by five huge financial conglomerates, should make it more difficult to definitely end "too big to fail" in Japanese prudential policy. In this respect, we believe that the "too big to fail" policy in Japan will prevail.
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. 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.
Paper provided by Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University in its series CEI Working Paper Series with number
2002-16.
Download reference. The following formats are available: HTML
(with abstract ),
plain text
(with abstract ),
BibTeX ,
RIS (EndNote, RefMan, ProCite),
ReDIF
Length: 53 p.
Date of creation: Dec 2002Date of revision:
Handle: RePEc:hit:hitcei:2002-16Note: This paper is forthcoming in Too-Big-Too-Fail: Policies and Practices in Government Bailouts, edited by Benton Gup and to be published by Quorum Books in 2003.Contact details of provider: Postal: 2-1 Naka, Kunitachi, Tokyo 186-8603 Phone: 042-580-8405 Fax: 042-580-8333 Email: Web page: http://cei.ier.hit-u.ac.jp/ More information through EDIRC
For technical questions regarding this item, or to correct its listing, contact: (Reiko Suzuki).
Keywords: Too big to fail ; Banking crisis ; Japan ; Other versions of this item:
Find related papers by JEL classification: G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Mortgages G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.:
Saito, Makoto & Shiratsuka, Shigenori, 2001.
"Financial Crises As the Failure of Arbitrage: Implications for Monetary Policy ,"
Monetary and Economic Studies ,
Institute for Monetary and Economic Studies, Bank of Japan, vol. 19(S1), pages 239-70, February.
[Downloadable!]
Mark M. Spiegel & Nobuyoshi Yamori, 2000.
"The evolution of "too-big-to-fail" policy in Japan: evidence from market equity values ,"
Pacific Basin Working Paper Series
00-01, Federal Reserve Bank of San Francisco.
[Downloadable!]
Joe Peek & Eric S. Rosengren, 1998.
"Determinants of the Japan premium: actions speak louder than words ,"
Working Papers
98-9, Federal Reserve Bank of Boston.
[Downloadable!]
Other versions:
Joe Peek & Eric S. Rosengren, 1999.
"Determinants of the Japan Premium: Actions Speak Louder Than Words ,"
NBER Working Papers
7251, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted) Peek, Joe & Rosengren, Eric S., 2001.
"Determinants of the Japan premium: actions speak louder than words ,"
Journal of International Economics ,
Elsevier, vol. 53(2), pages 283-305, April.
[Downloadable!] (restricted) Mark M. Spiegel, 1999.
"Moral hazard under the Japanese "convoy" banking system ,"
Economic Review ,
Federal Reserve Bank of San Francisco, pages 3-13.
[Downloadable!]
repec:fip:fedreq:y:1991:i:nov:p:3-15:n:v.77no.6 is not listed on IDEAS
Okina, Kunio & Shirakawa, Masaaki & Shiratsuka, Shigenori, 2001.
"The Asset Price Bubble and Monetary Policy: Japan's Experience in the Late 1980s and the Lessons: Background Paper ,"
Monetary and Economic Studies ,
Institute for Monetary and Economic Studies, Bank of Japan, vol. 19(S1), pages 395-450, February.
[Downloadable!]
Yamori, Nobuyoshi & Murakami, Akinobu, 1999.
"Does bank relationship have an economic value?: The effect of main bank failure on client firms ,"
Economics Letters ,
Elsevier, vol. 65(1), pages 115-120, October.
[Downloadable!] (restricted)
Takeo Hoshi & Anil Kashyap, 1999.
"The Japanese Banking Crisis: Where Did It Come From and How Will It End? ,"
NBER Working Papers
7250, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Other versions: Mark Spiegel, 2001.
"The return of the "Japan Premium" - trouble ahead for Japanese banks? ,"
FRBSF Economic Letter ,
Federal Reserve Bank of San Francisco, issue Mar. 9.
[Downloadable!]
Eijffinger, Sylvester & van Rixtel, Adrian, 1992.
"The Japanese financial system and monetary policy: a descriptive review ,"
Japan and the World Economy ,
Elsevier, vol. 4(4), pages 291-309, December.
[Downloadable!] (restricted)
Other versions: Alan Ahearne & Joseph Gagnon & Jane Haltmaier & Steve Kamin ... [et al.]., 2002.
"Preventing deflation: lessons from Japan's experience in the 1990s ,"
International Finance Discussion Papers
729, Board of Governors of the Federal Reserve System (U.S.).
[Downloadable!]
By Charles Enoch & Gillian Garcia & V. Sundararajan, 2001.
"Recapitalizing Banks with Public Funds ,"
IMF Staff Papers ,
Palgrave Macmillan Journals, vol. 48(1), pages 3.
[Downloadable!] (restricted)
Fukao, Mitsuhiro, 2001.
"Financial Deregulations, Weakness of Market Discipline, and Market Development: Japan's Experience and Lessons for Developing Countries ,"
CEI Working Paper Series
2001-17, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.
[Downloadable!]
D. Woo, 2000.
"Two Approaches to Resolving Nonperforming Assets During Financial Crises ,"
IMF Working Papers
00/33, International Monetary Fund.
Oscar Cerda & Elijah Brewer, III & Douglas D. Evanoff, 2001.
"The financial safety net: costs, benefits, and implications ,"
Chicago Fed Letter ,
Federal Reserve Bank of Chicago, issue Nov.
[Downloadable!]
Hanazaki, Masaharu & Horiuchi, Akiyoshi, 2002.
"A Review of Japan's Bank Crisis from the Governance Perspective ,"
CEI Working Paper Series
2002-3, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.
[Downloadable!]
George G. Kaufman & Steven A. Seelig, 2000.
"Post-resolution treatment of depositors at failed banks: implications for the severity of banking crises, systemic risk, and too-big-to-fail ,"
Working Paper Series
WP-00-16, Federal Reserve Bank of Chicago.
[Downloadable!]
Full
references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
Hanazaki, Masaharu & Horiuchi, Akiyoshi, 2003.
"Have Banks Contributed to Efficient Management in Japan's Manufacturing? ,"
CEI Working Paper Series
2003-22, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.
[Downloadable!]
Ahn, Sanghoon, 2003.
"Technology Upgrading with Learning Cost ,"
CEI Working Paper Series
2003-21, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.
[Downloadable!]
Yener Altunbaş & Alper Kara & Adrian van Rixtel, 2007.
"Corporate governance and corporate ownership: The investment behaviour of Japanese institutional investors ,"
Banco de España Occasional Papers
0703, Banco de España.
[Downloadable!]
Dallago, Bruno, 2003.
"Comparative Economic Systems and the New Comparative Economics: Foes, Competitors, or Complementary? ,"
CEI Working Paper Series
2003-24, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.
[Downloadable!]
Michiel van Leuvensteijn & Jacob A. Bikker & Adrian van Rixtel & Christoffer Kok-Sørensen, 2007.
"A new approach to measuring competition in the loan markets of the euro area ,"
Banco de España Working Papers
0736, Banco de España.
[Downloadable!]
Other versions:
Michiel van Leuvensteijn & Jacob A. Bikker & Adrian A.R.J.M. van Rixtel & Christoffer Kok-Sørensen, 2007.
"A new approach to measuring competition in the loan markets of the euro area ,"
CPB Discussion Papers
84, CPB Netherlands Bureau for Economic Policy Analysis.
[Downloadable!] Leuvensteijn, Michiel van & Bikker, Jacob A. & Rixtel, Adrian A.R.J.M. van & Kok-Sørensen, Christoffer, 2007.
"A new approach to measuring competition in the loan markets of the euro area ,"
CEI Working Paper Series
2007-6, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.
[Downloadable!] Michiel van Leuvensteijn & Jacob A. Bikker & Adrian A.R.J.M. van Rixtel & Christoffer Kok Sørensen, 2007.
"A new approach to measuring competition in the loan markets of the euro area ,"
Working Paper Series
768, European Central Bank.
[Downloadable!] Michiel van Leuvensteijn & Jacob Bikker & Adrian van Rixtel & Christoffer Kok-Sorensen, 2007.
"A new approach to measuring competition in the loan markets of the euro area ,"
DNB Working Papers
143, Netherlands Central Bank, Research Department.
[Downloadable!] Gennaioli, Nicola & Rossi, Stefano, 2008.
"Judicial Discretion in Corporate Bankruptcy ,"
CEI Working Paper Series
2008-5, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.
[Downloadable!]
Hanazaki, Masaharu & Souma, Toshiyuki & Wiwattanakantang, Yupana, 2004.
"Silent Large Shareholders and Entrenched Bank Management: Evidence from the Banking Crisis in Japan ,"
CEI Working Paper Series
2004-1, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.
[Downloadable!]
Gennaioli, Nicola & Rossi, Stefano, 2008.
"Optimal Resolutions of Financial Distress by Contract ,"
CEI Working Paper Series
2008-6, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.
[Downloadable!]
Access and
download statistics Did you know? A tutorial is available.
This page was last updated on 2009-10-20.
This information is provided to you by IDEAS at the Department of Economics , College of Liberal Arts and Sciences , University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics .