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In Search of ""Capital Crunch"" [electronic resource] : Supply Factors Behind the Credit Slowdown in Japan, Woo, D..

Author/Creator:
Woo, D.
Publication:
Washington, D.C. : International Monetary Fund, 1999.
Series:
IMF eLibrary
IMF Working Papers; Working Paper No. 99/3.
IMF Working Papers; Working Paper No. 99/3
Format/Description:
Government document
Book
1 online resource (28 p.)
Local subjects:
Bank assets.
Bank balance sheet.
Bank balance sheets.
Bank borrowing.
Bank capital.
Bank capitalization.
Bank credit.
Bank data.
Bank examiners.
Bank failures.
Bank finance.
Bank finance companies.
Bank funding.
Bank funding rates.
Bank lending.
Bank loans.
Bank of japan.
Bank portfolio.
Bank regulation.
Bank regulatory standards.
Bank relationships.
Bank restructuring.
Bank stock.
Bank stock prices.
Bank stocks.
Bank supervisors.
Banking.
Banking account.
Banking assets.
Banking supervision.
Banking system.
Bankrupt.
Bankrupt companies.
Banks balance sheet.
Banks loan.
Bond issues.
Capital adequacy.
Capital adequacy ratio.
Capital adequacy ratios.
Capital base.
Capital crunch.
Capital gains.
Capital injection.
Capital ratio.
Capital requirement.
Capital shortage.
Capital standard.
Capital standards.
Capital structure.
Credit rating.
Credit rating agencies.
Deposit insurance.
Equity capital.
Equity securities.
Interbank market.
Loan loss reserve.
Moral hazard.
Nonperforming loan.
Off balance sheet.
Outstanding shares.
Recapitalization.
Regional bank.
Regulatory forbearance.
Shortage of equity.
Stock market.
Subordinated debt.
Tier 1 capital.
Tier 2 capital.
Treasury securities.
Weak capital.
Japan.
Summary:
The seeming failure of loose monetary policy to reactivate Japan’s economy has led some observers to suggest that the usual credit channels through which monetary policy affects the real economy are blocked, and this because of a pervasive shortage of bank capital that has induced a leftward shift in the supply of bank credit: the so called credit crunch hypothesis. This paper finds support for the hypothesis in the 1997 bank data—a year during which the landscape of the Japanese financial system was changed fundamentally—but finds no, or even contrary, evidence, for most of the 1990’s.
Notes:
Description based on print version record.
Contributor:
Woo, D.
Other format:
Print Version:
ISBN:
1451841884:
9781451841886
ISSN:
1018-5941
Publisher Number:
10.5089/9781451841886.001
Access Restriction:
Restricted for use by site license.
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