This paper analyzes the implications of the gradual rise in bank concentration since the 1990s for the transmission of … the level of local bank concentration and bank capitalization. I find that banks operating in high-concentration markets … in local deposit and loan markets, along with bank capital requirements, lead to frictions on the pass-through to the …

How much deposits and equity a bank has influences how a banks’ lending responds to monetary policy. While the … responsiveness for the bank lending channel has been well established, this is not the case for the risk-taking channel (RTC). We …

countries, Japan, and the United States to shocks in housing and equity prices. The effects are assessed with a Structural …

Few papers have tried to project how Chinese monetary policy will behave under flexible exchange rates. As Japan … policy after the shift of Japan from a fixed to a floating exchange rate regime. The econometric estimations allow for regime … soften the appreciation pressure by interest rate cuts have led Japan into the liquidity trap …

factors directly or indirectly influenced by the Bank of Japan: increased money holding of households and corporations …The paper analyses the reasons for Japan’s persistently low inflation since the bursting of the Japanese bubble economy … (low inflation conundrum). It is shown that Japan experienced a structural break from a high-growth period with relatively …

on loan and equity ownership to address the impact of the Japan-specific bank-firm relations and bank control on the …We explore the determinants of the number of long-term bank relations of listed Japanese firms using a unique data set … covering the period 1982-1999. Japanese listed firms have about seven long-term bank loan relations on average, but show a …

use the model to look at monetary policy and show that allowing banks to sell long-term assets to the central bank after a …

Few papers have tried to project how Chinese monetary policy will behave under flexible exchange rates. As Japan … policy after the shift of Japan from a fixed to a floating exchange rate regime. The econometric estimations allow for regime … soften the appreciation pressure by interest rate cuts have led Japan into the liquidity trap. …

. These results are interesting not only for Japan, but also for other advanced economies where monetary policy is currently …