Does a large loss of bank capital cause Evergreening? Evidence from Japan

研究成果: Article査読

17 被引用数 (Scopus)

抄録

Using the real estate lending share of the bank's loan portfolio at the peak of the land-price bubble as an instrument for bank capital, we identify the impact of capital adequacy on the allocation of bank lending under the Basel regulatory framework. We find that, in Japan, a large loss of bank capital caused by the regulator's excessively tough stance towards banks not only induced the contraction of the bank lending supply but also the banks' reallocation of their lending portfolios to financially unhealthy industries with a higher concentration of non-performing loans.

本文言語English
ページ(範囲)116-136
ページ数21
ジャーナルJournal of The Japanese and International Economies
24
1
DOI
出版ステータスPublished - 2010 3

ASJC Scopus subject areas

  • 財務
  • 経済学、計量経済学
  • 政治学と国際関係論

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