{"created":"2021-03-01T07:02:12.243344+00:00","id":42330,"links":{},"metadata":{"_buckets":{"deposit":"1b44b058-d894-435a-b553-9f5aafc3168c"},"_deposit":{"id":"42330","owners":[],"pid":{"revision_id":0,"type":"depid","value":"42330"},"status":"published"},"_oai":{"id":"oai:repository.dl.itc.u-tokyo.ac.jp:00042330","sets":["62:7433:7437","9:7435:7436"]},"item_8_alternative_title_1":{"attribute_name":"その他のタイトル","attribute_value_mlt":[{"subitem_alternative_title":"Perverse Incentives of Loan Supply and the Violation of Absolute Priority Rule in Japan : Credit Crunch and Excessive Additional Loan"}]},"item_8_biblio_info_7":{"attribute_name":"書誌情報","attribute_value_mlt":[{"bibliographicIssueDates":{"bibliographicIssueDate":"2004-02","bibliographicIssueDateType":"Issued"},"bibliographicVolumeNumber":"2004-CJ-103","bibliographic_titles":[{"bibliographic_title":"Discussion paper series. CIRJE-J"}]}]},"item_8_description_13":{"attribute_name":"フォーマット","attribute_value_mlt":[{"subitem_description":"application/pdf","subitem_description_type":"Other"}]},"item_8_description_5":{"attribute_name":"抄録","attribute_value_mlt":[{"subitem_description":"As for recent Japanese bank behavior, there exist two inefficacies. One is credit crunch, that is, banks hesitate to lend money to new good projects. The other is excessive additional loan to bad-performing firms. These two perverse bank behaviors look like contradictive each other. In this paper, we explain these contradictive behaviors stem from the violation of the absolute priority rule (APR) among the stakeholders in Japan. Under the legal violation of priority rule, the borrowers with inefficient projects can finance from a new junior creditor, transferring the credit value of the senior creditor to the new junior one. In such a situation, it is the best behavior for the senior creditor, i.e. bank, which tries to protect the value of his senior credit, to finance the inefficient project by himself before the junior creditor might lend money. This behavior implies inefficient excessive additional loan. Furthermore, since banks expect not to avoid such ex-post inefficiency and the accompanied loss due to the violation of APR, they are unwilling to lend to the originally efficient project in ex-ante. This results in credit crunch.","subitem_description_type":"Abstract"}]},"item_8_description_6":{"attribute_name":"内容記述","attribute_value_mlt":[{"subitem_description":"本文フィルはリンク先を参照のこと","subitem_description_type":"Other"}]},"item_8_full_name_3":{"attribute_name":"著者別名","attribute_value_mlt":[{"nameIdentifiers":[{"nameIdentifier":"97430","nameIdentifierScheme":"WEKO"}],"names":[{"name":"Seshimo, Hiroyuki"}]},{"nameIdentifiers":[{"nameIdentifier":"97431","nameIdentifierScheme":"WEKO"}],"names":[{"name":"Yamazaki, Fukuju"}]}]},"item_8_publisher_20":{"attribute_name":"出版者","attribute_value_mlt":[{"subitem_publisher":"日本経済国際共同センター"}]},"item_8_relation_25":{"attribute_name":"関係URI","attribute_value_mlt":[{"subitem_relation_type_id":{"subitem_relation_type_id_text":"http://www.cirje.e.u-tokyo.ac.jp/research/dp/2004/2004cj103ab.html","subitem_relation_type_select":"URI"}}]},"item_8_source_id_10":{"attribute_name":"書誌レコードID","attribute_value_mlt":[{"subitem_source_identifier":"AA11451834","subitem_source_identifier_type":"NCID"}]},"item_8_subject_15":{"attribute_name":"日本十進分類法","attribute_value_mlt":[{"subitem_subject":"330","subitem_subject_scheme":"NDC"}]},"item_8_text_21":{"attribute_name":"出版者別名","attribute_value_mlt":[{"subitem_text_value":"Center for International Research on the Japanese Economy"}]},"item_8_text_4":{"attribute_name":"著者所属","attribute_value_mlt":[{"subitem_text_value":"専修大学商学部"},{"subitem_text_value":"上智大学経済学部"}]},"item_access_right":{"attribute_name":"アクセス権","attribute_value_mlt":[{"subitem_access_right":"metadata only access","subitem_access_right_uri":"http://purl.org/coar/access_right/c_14cb"}]},"item_creator":{"attribute_name":"著者","attribute_type":"creator","attribute_value_mlt":[{"creatorNames":[{"creatorName":"瀬下, 博之"}],"nameIdentifiers":[{"nameIdentifier":"97428","nameIdentifierScheme":"WEKO"}]},{"creatorNames":[{"creatorName":"山崎, 福寿"}],"nameIdentifiers":[{"nameIdentifier":"97429","nameIdentifierScheme":"WEKO"}]}]},"item_language":{"attribute_name":"言語","attribute_value_mlt":[{"subitem_language":"jpn"}]},"item_resource_type":{"attribute_name":"資源タイプ","attribute_value_mlt":[{"resourcetype":"technical report","resourceuri":"http://purl.org/coar/resource_type/c_18gh"}]},"item_title":"「追い貸し」と「貸し渋り」 : 優先権侵害の経済学","item_titles":{"attribute_name":"タイトル","attribute_value_mlt":[{"subitem_title":"「追い貸し」と「貸し渋り」 : 優先権侵害の経済学"}]},"item_type_id":"8","owner":"1","path":["7436","7437"],"pubdate":{"attribute_name":"公開日","attribute_value":"2013-06-03"},"publish_date":"2013-06-03","publish_status":"0","recid":"42330","relation_version_is_last":true,"title":["「追い貸し」と「貸し渋り」 : 優先権侵害の経済学"],"weko_creator_id":"1","weko_shared_id":null},"updated":"2022-12-19T04:17:31.066383+00:00"}