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mainly on the substitution of bank loans for trade credit during monetary tightening among many firms, but in this paper we … Japan when the banking sector was healthy, but broke down during the banking crisis. More precisely, both bank loans and … trade credit contracted simultaneously during the crisis. Deteriorated bank health might have been primarily responsible for …
Persistent link: https://www.econbiz.de/10009363880
After analyzing the different reasons why the financial system and also the regulatory framework induced procyclicality, this paper reviews the experiences of three countries which have introduced dynamic provisioning as a regulatory tool to limit procyclicality. The case of Spainthe country...
Persistent link: https://www.econbiz.de/10009363866
This paper investigates whether there is any consistency between banks financial strength ratings (bank rating) and … they assume and thereby have a low probability of experiencing financial distress. Bank ratings, a measure of a banks … z-score), then apply the stochastic frontier analysis (SFA) to obtain the risk-return efficiency score for each bank …
Persistent link: https://www.econbiz.de/10009365399
This paper uses a unique bank level data from 1991 to 2000 and evaluates how financial reforms affect banking … bank size, asset quality and bank branches with efficiency indexes, and also note that every 10% increase in share of …
Persistent link: https://www.econbiz.de/10009365404
Japan’s “two lost decades†perhaps represent an extreme example of a weak recovery from a financial crisis, and are now referred to as “Japanization.†More recently, widespread stagnation in advanced economies in the wake of the global financial crisis led to fears...
Persistent link: https://www.econbiz.de/10011278133
Japan’s “two lost decades†perhaps represent an extreme example of a weak recovery from a financial crisis, and are now referred to as “Japanization.†More recently, widespread stagnation in advanced economies in the wake of the global financial crisis led to fears...
Persistent link: https://www.econbiz.de/10011278189
liberalisation and deregulation measures taken by the central bank over the last two decades. For this purpose, it uses Survey …
Persistent link: https://www.econbiz.de/10009365419
The recent de-emphasizing of the role of money in both theoretical macroeconomics as well as in the practical conduct of monetary policy sits uneasily with the idea that inflation is a monetary phenomenon. Empirical evidence has, however, been accumulating, pointing to an important leading...
Persistent link: https://www.econbiz.de/10009365497
India has an elaborate system of capital controls which impede cap- ital mobility and particularly short-term debt. Yet, when the global money market fell into turmoil after the bankruptcy of Lehman Broth- ers on 13/14 September 2008, the Indian money market immediately experienced considerable...
Persistent link: https://www.econbiz.de/10009363877
follows. In the DIP financing, the Development Bank of Japan always takes the lead, followed by private financial institutions …
Persistent link: https://www.econbiz.de/10009363896