Theoretical and Empirical Studies on Roles on Banks Played by Governments
Project/Area Number |
24530360
|
Research Category |
Grant-in-Aid for Scientific Research (C)
|
Allocation Type | Multi-year Fund |
Section | 一般 |
Research Field |
Public finance/Monetary economics
|
Research Institution | Keio University |
Principal Investigator |
Watanabe Wako 慶應義塾大学, 商学部, 教授 (80379106)
|
Project Period (FY) |
2012-04-01 – 2016-03-31
|
Project Status |
Completed (Fiscal Year 2015)
|
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)
|
Keywords | 預金保険 / モラルハザード / 金融ショックの国際的伝播 / 中小企業金融公庫 / 政府系金融機関 / 預金保険制度 / 所有形態 |
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.
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Report
(5 results)
Research Products
(17 results)