IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-0-230-50607-7_11.html
   My bibliography  Save this book chapter

The Enigma of Japanese Bank Lending

In: New Paradigm in Macroeconomics

Author

Listed:
  • Richard A. Werner

Abstract

Standard economic models assume that banks are financial intermediaries and as such rationally maximize their profits by minimizing risks and maximizing returns from asset allocation of their portfolio. Many economists have been arguing that the lending behaviour of banks during the 1990s has been in line with these models. Banks, it was argued, were not able to locate enough low-risk borrowers, so that overall credit growth failed to materialize. While there has been a dearth of empirical studies, it is conceivable that some empirical support could be found for this argument. Nevertheless, this explanation can only ever be a partial answer, since the true cause remains unexplained: why were there not enough low-risk borrowers?

Suggested Citation

  • Richard A. Werner, 2005. "The Enigma of Japanese Bank Lending," Palgrave Macmillan Books, in: New Paradigm in Macroeconomics, chapter 10, pages 143-148, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-50607-7_11
    DOI: 10.1057/9780230506077_11
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-0-230-50607-7_11. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.