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The effects of the Basle accord on bank credit: the case of Japan

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  • Yuzo Honda

Abstract

This paper has documented the empirical evidence that the Basle Accord had significant effects on bank credit in Japan. The Accord reduced the ratio of the credit increase to the total asset by 0.09-0.24% for banks with the international standard, and by 0.06-0.21% for those with the domestic standard, respectively. According to the Fixed Effects Model estimates, the impacts of the regulation are in between 0.12% and 0.13% for those banks with the international standard. These estimates are smaller than the corresponding estimate with aggregate time series data, 0.40%.

Suggested Citation

  • Yuzo Honda, 2002. "The effects of the Basle accord on bank credit: the case of Japan," Applied Economics, Taylor & Francis Journals, vol. 34(10), pages 1233-1239.
  • Handle: RePEc:taf:applec:v:34:y:2002:i:10:p:1233-1239
    DOI: 10.1080/00036840110094455
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    References listed on IDEAS

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    1. Ben Bemanke & Harold James, 1991. "The Gold Standard, Deflation, and Financial Crisis in the Great Depression: An International Comparison," NBER Chapters,in: Financial Markets and Financial Crises, pages 33-68 National Bureau of Economic Research, Inc.
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    Cited by:

    1. Stelios Karagiannis & Yannis Panagopoulos & Aristotelis Spiliotis, 2011. "The Basel II Influence on the Money Supply Process: A Comparative Analysis of the Eurozone and the United States," Chapters,in: Credit, Money and Macroeconomic Policy, chapter 9 Edward Elgar Publishing.
    2. Honda, Yuzo, 2004. "Bank capital regulations and the transmission mechanism," Journal of Policy Modeling, Elsevier, vol. 26(6), pages 675-688, September.
    3. Franz R. Hahn & Werner Hölzl, 2012. "Effects of the New Capital Requirements of Basel III on the Financing of Small and Medium-sized Enterprises in Austria," Austrian Economic Quarterly, WIFO, vol. 17(3), pages 168-186, August.
    4. repec:onb:oenbwp:y:2003:i:5:b:1 is not listed on IDEAS
    5. Ogawa, Kazuo, 2011. "Balance sheet deterioration and credit allocations: Japanese evidence from the short-term economic survey of enterprises," Japan and the World Economy, Elsevier, vol. 23(2), pages 86-96, March.
    6. Donsyah Yudistira, 2002. "The Impact of Bank Capital Requirements in Indonesia," Finance 0212002, EconWPA, revised 18 May 2003.
    7. Franz R. Hahn, 2003. "The New Basel Capital Accord (Basel II) from a Macroeconomic Point of View," Austrian Economic Quarterly, WIFO, vol. 8(2), pages 51-63, June.
    8. Brana, Sophie & Lahet, Delphine, 2009. "Capital requirement and financial crisis: The case of Japan and the 1997 Asian crisis," Japan and the World Economy, Elsevier, vol. 21(1), pages 97-104, January.
    9. Mototsugu Fukushige, 2013. "The long-run relationship between the Japanese credit and money multipliers," Discussion Papers in Economics and Business 13-19, Osaka University, Graduate School of Economics and Osaka School of International Public Policy (OSIPP).
    10. Vanessa Redak & Alexander Tscherteu, 2003. "Basel II, Procyclicality and Credit Growth - First Conclusions from QIS 3," Financial Stability Report, Oesterreichische Nationalbank (Austrian Central Bank), issue 5, pages 56-69.
    11. Franz R. Hahn, 2002. "The Effects of Bank Capital on Bank Credit Creation. Panel Evidence from Austria," WIFO Working Papers 188, WIFO.
    12. Kazuo Ogawa, 2007. "Credit Allocation of Japanese Banks in the 1990s: Evidence from the Short-term Economic Survey of Enterprises," ISER Discussion Paper 0680, Institute of Social and Economic Research, Osaka University.
    13. Hitoshi Inoue, 2010. "Capital Adequacy Requirements And The Financial Accelerator Caused By Bank Capital," The Japanese Economic Review, Japanese Economic Association, vol. 61(3), pages 382-407.
    14. Monzur Hossain, 2005. "Can Japan avert any future banking crisis?," Applied Economics Letters, Taylor & Francis Journals, vol. 12(7), pages 425-429.

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