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Effects of Bank Consolidation Promotion Policy: Evaluating the Bank Law in 1927 Japan

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  • Michiru Sawada

    (Graduate School of Economics, Hitotsubashi University)

  • Tetsuji Okazaki

    (Faculty of Economics, University of Tokyo)

Abstract

This paper investigates the impact of bank consolidations promoted by government policy, using data from prewar Japan, when the financial authorities promoted them by dint of the Bank Law in 1927. It finds that the policy-promoted consolidation had a positive effect on the deposit growth, especially during the period of a major financial crisis. On the other hands, it had a negative effect on the profitability, particularly, in case there was no dominant bank among the participants or more than two banks participated in the consolidation. The policy-promoted consolidation in such cases was likely to be accompanied by large organizational cost.

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Bibliographic Info

Paper provided by CIRJE, Faculty of Economics, University of Tokyo in its series CIRJE F-Series with number CIRJE-F-307.

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Length: 33 pages
Date of creation: Nov 2004
Date of revision:
Handle: RePEc:tky:fseres:2004cf307

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Cited by:
  1. Ahmad Bello, Dogarawa, 2006. "Challenges of Bank Consolidation to the Central Bank of Nigeria: A Descriptive Analysis," MPRA Paper 23198, University Library of Munich, Germany.
  2. Kris James Mitchener & nd Mari Ohnuki, 2007. "Capital Market Integration In Japan," IMES Discussion Paper Series 07-E-17, Institute for Monetary and Economic Studies, Bank of Japan.
  3. Kris James Mitchener & Mari Ohnuki, 2007. "Capital Market Integration in Japan," Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan, vol. 25(2), pages 129-154, November.

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