Inoue, Kotaro; Kato, Hideaki Kiyoshi; Bremer, Marc - In: Journal of Banking & Finance 32 (2008) 12, pp. 2628-2635
Peek and Rosengren [Peek, J., Rosengren, E., 2005. Unnatural selection: Perverse incentives and the misallocation of credit in Japan. American Economic Review 95, 1144-1166] showed that, when the bubble economy era ended, regulatory forbearance and perverse incentives allowed Japanese banks to...