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reform policies subsequent to the Asian crisis. The estimation analysis of the panel data for the period 1994-2005 reveals … social and political elements before the Asian financial crisis; however, these influences were not found in the estimation … reforms.However, the estimation results show that other policy tasks remain. First, insufficient collateral may become a …
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This paper examines whether the stock split bubble in Japan burst by not only reformed system, but also Livedoor-shock. It is difficult to identify the effects of the both events, because they occurred in the same month (January, 2006). Thus, I identify both effects by dividing the samples into...
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