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Impacts of the Basle Capital Standard on Japanese Banks' Behavior

  • Ito, Takatoshi
  • Sasaki, Yuri Nagataki

This paper examines how the risk based capital standards, the so-called Basle Accord between 1990 and 1993. As the Japanese stock prices fell, banks' latent capital gains, which are part of tier II capital, became smaller. Empirical findings are consistent with a view that banks with lower capital ratios tended to issue more subordinated debts (tier II) and to reduce lending (risk assets).

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File URL: http://www.sciencedirect.com/science/article/B6WMC-46SXWS8-5/2/6d38138ebf42cb2adf2e7dc3dadb45d6
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Article provided by Elsevier in its journal Journal of the Japanese and International Economies.

Volume (Year): 16 (2002)
Issue (Month): 3 (September)
Pages: 372-397

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Handle: RePEc:eee:jjieco:v:16:y:2002:i:3:p:372-397
Contact details of provider: Web page: http://www.elsevier.com/locate/inca/622903

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  1. Joseph G. Haubrich & Paul Wachtel, 1993. "Capital requirements and shifts in commercial bank portfolios," Economic Review, Federal Reserve Bank of Cleveland, issue Q III, pages 2-15.
  2. Sun Bae Kim & Ramon Moreno, 1994. "Stock prices and bank lending behavior in Japan," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, issue feb11.
  3. Brunner, Allan D & Kamin, Steven B, 1998. "Bank Lending and Economic Activity in Japan: Did 'Financial Factors' Contribute to the Recent Downturn?," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 3(1), pages 73-89, January.
  4. Brinkmann, Emile J & Horvitz, Paul M, 1995. "Risk-Based Capital Standards and the Credit Crunch," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 27(3), pages 848-63, August.
  5. Joe Peek & Eric S. Rosengren, 1992. "The role of real estate in the New England credit crunch," Working Papers 92-4, Federal Reserve Bank of Boston.
  6. Peek, Joe & Rosengren, Eric S, 1997. "The International Transmission of Financial Shocks: The Case of Japan," American Economic Review, American Economic Association, vol. 87(4), pages 495-505, September.
  7. Joe Peek & Eric Rosengren, 1993. "The Capital Crunch: Neither A Borrower Nor A Lender Be," Boston College Working Papers in Economics 243, Boston College Department of Economics.
  8. Anthony P. Rodrigues, 1993. "Government securities investments of commercial banks," Quarterly Review, Federal Reserve Bank of New York, issue Sum, pages 39-53.
  9. Hall Brian J., 1993. "How Has the Basle Accord Affected Bank Portfolios?," Journal of the Japanese and International Economies, Elsevier, vol. 7(4), pages 408-440, December.
  10. Pettway, Richard H. & Kaneko, Takashi & Young, Michael T., 1991. "International bank capital standards and the costs of issuing capital securities by Japanese banks," Journal of Banking & Finance, Elsevier, vol. 15(3), pages 559-580, June.
  11. Hall, B.J., 1993. "How Has the Basle Accord Affected Bank Portfolios?," Harvard Institute of Economic Research Working Papers 1642, Harvard - Institute of Economic Research.
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