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! ]

Too Big to Fail: the Panic of 1927

Author info | Abstract | Publisher info | Download info | Related research | Statistics
Author Info
YOKOYAMA, Kazuki
Abstract

The purpose of this paper is to explore whether the Bank of Japan provided the special loans for insolvent banks against the panic of 1927. This paper uses a cross-sectional data set consisting of observations on 1364 ordinary banks. The logit model regression at this paper provides each bank’s estimated propensity to close. And the results of the tobit model regressions imply that supported banks had higher closure risk or occupied key positions in the local loan-markets and that the bank bailouts may have reflected political factors to some extent.

Download Info
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 file. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://mpra.ub.uni-muenchen.de/2768/
File Format:
File Function: orginal version
Download Restriction: no
File URL: http://mpra.ub.uni-muenchen.de/2829/
File Format:
File Function: revised version
Download Restriction: no
File URL: http://mpra.ub.uni-muenchen.de/3423/
File Format:
File Function: revised version
Download Restriction: no

Publisher Info
Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 2768.

Download reference. The following formats are available: HTML, plain text, BibTeX, RIS (EndNote), ReDIF
Length:
Date of creation: 18 Apr 2007
Date of revision: 05 Jun 2007
Handle: RePEc:pra:mprapa:2768

Contact details of provider:
Postal: Schackstr. 4, D-80539 Munich, Germany
Phone: +49-(0)89-2180-2219
Fax: +49-(0)89-2180-3900
Web page: http://mpra.ub.uni-muenchen.de
More information through EDIRC

For technical questions regarding this item, or to correct its listing, contact: (Ekkehart Schlicht).

Related research
Keywords: lender of last resort too big to fail bank bailouts bank closure risk the panic of 1927.

Find related papers by JEL classification:
N25 - Economic History - - Financial Markets and Institutions - - - Asia including Middle East
G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Mortgages

This paper has been announced in the following NEP Reports:

Statistics
Access and download statistics

Did you know? IDEAS uses the data collected within the RePEc project, the largest online bibliographic database in Economics.

This page was last updated on 2008-9-5.

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.