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The Impacts of "Shock Therapy" on Large and Small Clients : Experiences from Two Large Bank Failures in Japan
http://hdl.handle.net/2261/2864
http://hdl.handle.net/2261/2864e8bd4a27-8285-4d4e-b089-a56f4a9bbf0d
Item type | テクニカルレポート / Technical Report(1) | |||||
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公開日 | 2013-06-03 | |||||
タイトル | ||||||
タイトル | The Impacts of "Shock Therapy" on Large and Small Clients : Experiences from Two Large Bank Failures in Japan | |||||
言語 | ||||||
言語 | eng | |||||
キーワード | ||||||
主題 | bank failure | |||||
主題Scheme | Other | |||||
キーワード | ||||||
主題 | shock therapy | |||||
主題Scheme | Other | |||||
キーワード | ||||||
主題 | soft budget constraints | |||||
主題Scheme | Other | |||||
キーワード | ||||||
主題 | banking relationship | |||||
主題Scheme | Other | |||||
キーワード | ||||||
主題 | JEL #: G12, G21, G33 | |||||
主題Scheme | Other | |||||
資源タイプ | ||||||
資源 | http://purl.org/coar/resource_type/c_18gh | |||||
タイプ | technical report | |||||
アクセス権 | ||||||
アクセス権 | metadata only access | |||||
アクセス権URI | http://purl.org/coar/access_right/c_14cb | |||||
著者 |
Fukuda, Shin-ichi
× Fukuda, Shin-ichi× Koibuchi, Satoshi |
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著者所属 | ||||||
著者所属 | University of Tokyo | |||||
抄録 | ||||||
内容記述タイプ | Abstract | |||||
内容記述 | A "shock therapy" might have different impacts between large and small firms. In this paper, we focus on the clients of two large failed Japanese banks - the Long-term Credit Bank of Japan (LTCB) and the Nippon Credit Bank (NCB). We first show that subsequent events after the bank failures allowed the new LTCB to adopt a "shock therapy" but kept the new NCB to face "soft budget constraints". We then show that the different therapies made performances of these two banks'customers very different. Under the shock therapy, large firms showed significant recovery of their profits but small firms did not. In contrast, under the soft budget constraints, large firms did not show recovery and small firms experienced significant decline in their profits when the new bank terminated the banking relationship. | |||||
内容記述 | ||||||
内容記述タイプ | Other | |||||
内容記述 | 本文フィルはリンク先を参照のこと | |||||
書誌情報 |
Discussion paper series. CIRJE-F 巻 CIRJE-F-439, 発行日 2006-10 |
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書誌レコードID | ||||||
収録物識別子タイプ | NCID | |||||
収録物識別子 | AA11450569 | |||||
フォーマット | ||||||
内容記述タイプ | Other | |||||
内容記述 | application/pdf | |||||
出版者 | ||||||
出版者 | 日本経済国際共同センター | |||||
出版者別名 | ||||||
Center for International Research on the Japanese Economy | ||||||
関係URI | ||||||
識別子タイプ | URI | |||||
関連識別子 | http://www.cirje.e.u-tokyo.ac.jp/research/dp/2006/2006cf439ab.html |