| Budget Amount *help |
¥4,940,000 (Direct Cost: ¥3,800,000、Indirect Cost: ¥1,140,000)
Fiscal Year 2015: ¥1,430,000 (Direct Cost: ¥1,100,000、Indirect Cost: ¥330,000)
Fiscal Year 2014: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
Fiscal Year 2013: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000)
Fiscal Year 2012: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000)
|
|---|
| Outline of Final Research Achievements |
First, using data about financial statements and stocks of individual banks, we find that Japanese banks engaged in the moral hazard of shifting risks to the deposit insurance system and that, infusions of well-designed public capital into poorly capitalized banks mitigated the extent of banks' risk-shifting.
Second, regarding an issue of the transmission of shocks in international financial markets to domestic firms and smaller unlisted firms in emerging economics. We will begin empirical exercises when the dataset is complete.
Third, we find that in Japan a firm whose main bank reduced lending more greatly due to poorer capital adequacy in fiscal year 1997 borrowed larger amounts of loans from the Japan Finance Corporation for Small and Medium Enterprise during a 16 month period starting in December 1997.
|
