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after its market crash in 1990. This large decrease in firm-level volatility may have impeded Japan's capital formation …
Persistent link: https://www.econbiz.de/10012469056
Why has Japan's lost decade become the lost two decades? This book attempts to provide a novel perspective on causes of … dataset compiled by the Development Bank of Japan, it shows empirical evidence that an excessive conservative financial policy … highly recommended to readers who seek a convincing and comprehensive explanation of Japan's lost two decades from the …
Persistent link: https://www.econbiz.de/10012398107
It is widely believed that the stock-market oriented US financial system forces corporate managers to behave myopically relative to their Japanese counterparts, who operate in a bank-based system. We hypothesize that if US firms are more myopic than Japanese firms, then episodes of financial...
Persistent link: https://www.econbiz.de/10012783974
We argue that the deregulation leading up to the Big Bang has played a major role in the current banking problems. This deregulation allowed large corporations to quickly switch from depending on banks to relying on capital market financing. We present evidence showing that large Japanese...
Persistent link: https://www.econbiz.de/10012774809
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liquidity. Platinum and gold, both traded in overlapping sessions in Tokyo and New York, provide an interesting comparison … platinum and gold markets in Tokyo are dominated by liquidity trading, while there is evidence supporting both liquidity and … liquidity trading is more prevalent during the Tokyo day session while informed trading dominates the New York day session for …
Persistent link: https://www.econbiz.de/10012949601
equilibrium outcome. The intrinsic characteristics and supply of the assets determine their liquidity properties and degree of …
Persistent link: https://www.econbiz.de/10012865225
and evaluating systemic risk for interbank contagion. Because the production network in Japan, which comprises more than …
Persistent link: https://www.econbiz.de/10012983782
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