Ono, Arito; Uesugi, Iichiro; Yasuda, Yukihiro - In: Journal of Financial Stability 9 (2013) 2, pp. 151-167
This paper examines the effectiveness of Japan's Emergency Credit Guarantee (ECG) Program set up during the financial turmoil following the failure of Lehman Brothers, in increasing credit availability and improving the ex-post performance of small businesses. In particular, using a unique...