Some Structural Causes of Japan’s Banking Problems
AbstractThis paper reviews corporate finance literature which explains some of the long-term causes of the Japanese banking sector’s poor performance in the early 1990s. It concentrates on the ideas that an adverse selection problem developed in the bank lending market during the 1980s, and that banks had strong incentives to seek out borrowers which were of lower quality and which had greater exposure to adverse movements in asset prices. Possible links between these hypotheses and the macroeconomic environment are also considered.
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Bibliographic InfoPaper provided by Reserve Bank of Australia in its series RBA Research Discussion Papers with number rdp2000-03.
Date of creation: May 2000
Date of revision:
Find related papers by JEL classification:
- E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
- G30 - Financial Economics - - Corporate Finance and Governance - - - General
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