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Deposit Insurance Regulatory forbearance and Economic Growth [electronic resource] : Implications for the Japanese Banking Crisis, Kletzer, Kenneth.

Author/Creator:
Kletzer, Kenneth.
Publication:
Washington, D.C. : International Monetary Fund, 2005.
Series:
IMF eLibrary
IMF Working Papers; Working Paper No. 05/169.
IMF Working Papers; Working Paper No. 05/169
Format/Description:
Government document
Book
1 online resource (34 p.)
Local subjects:
Bank assets.
Bank bailouts.
Bank balance sheets.
Bank borrowing.
Bank credit.
Bank crisis.
Bank deposits.
Bank dividends.
Bank equities.
Bank equity.
Bank financing.
Bank intermediation.
Bank lending.
Bank liquidity.
Bank liquidity crisis.
Bank loan.
Bank loans.
Bank management.
Bank managers.
Bank monitoring.
Bank portfolios.
Bank regulation.
Bank runs.
Bank shareholders.
Bank stock.
Bank stocks.
Bank supervisory regime.
Banking.
Banking crises.
Banking crisis.
Banking sector.
Banking sector equity.
Banking system.
Bankruptcies.
Banks rollover.
Bond.
Bond markets.
Bonds.
Currency crises.
Deposit guarantee.
Deposit insurance.
Deposit rate.
Discount rate.
Domestic financial intermediation.
Domestic financial markets.
Economic growth.
Equity shares.
Financial institutions.
Financial instruments.
Financial intermediation.
Financial markets.
Financial regulation.
Financial sector.
Financial system.
Foreign bond.
Foreign bond markets.
Foreign Exchange.
Insurance premium.
International capital.
International finance.
Loan loss reserve.
Open Economy Macroeconomics.
Overvaluation.
Present value.
Prudential regulation.
Regulatory forbearance.
Reserve requirements.
Return on equity.
Savings rate.
Shareholder equity.
Stock market.
Stock market declines.
Stock price.
Stock prices.
Stock returns.
Stock values.
Value of bank stocks.
Japan.
Summary:
An endogenous growth model with financial intermediation demonstrates how deposit insurance and prudential regulatory forbearance lead to banking crises and growth declines. The model assumptions are based on features of the Japanese financial system and regulation. The model demonstrates how banking and growth crises can evolve under perfect foresight. The dynamics for economic aggregates and asset prices predicted by the model are shown to be generally consistent with the experience of the Japanese economy and financial system through the 1990s. We also test our maintained hypothesis of rational expectations using asset price data for Japan over the 1980s and 1990s.
Notes:
Description based on print version record.
Contributor:
Dekle, Robert.
Kletzer, Kenneth.
Other format:
Print Version:
ISBN:
1451861885:
9781451861884
ISSN:
1018-5941
Publisher Number:
10.5089/9781451861884.001
Access Restriction:
Restricted for use by site license.
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