Financial intermediaries and risk taking in the low interest rate environment: Focusing on individual and regional differences

Research Project

Project/Area Number	24730270
Research Category	Grant-in-Aid for Young Scientists (B)
Allocation Type	Multi-year Fund
Research Field	Public finance/Monetary economics
Research Institution	Sapporo Gakuin University
Principal Investigator	INOUE Hitoshi 札幌学院大学, 経済学部, 准教授 (10545057)
Project Period (FY)	2012-04-01 – 2015-03-31
Project Status	Completed (Fiscal Year 2014)
Budget Amount *help	¥2,860,000 (Direct Cost: ¥2,200,000、Indirect Cost: ¥660,000) Fiscal Year 2014: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000) Fiscal Year 2013: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000) Fiscal Year 2012: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000)
Keywords	銀行 / リスクテイク / 貸出 / 自己資本比率 / 不良債権比率 / 地域 / 低金利政策 / 金融政策 / リスクテイキング / ダイナミックパネル
Outline of Final Research Achievements	This project empirically revealed that the financial intermediaries’ risk taking behavior in the low interest rate environment. Focusing on bank lending among their risk taking behavior, we found that banks whose capital was not enough avoided taking a risk, while banks had a high percentage of non-performing loans kept taking risks by lending further between late 1990s and early 2000s. The banks had a high percentage of non-performing loans also kept taking risks in middle 2000s. Banks in rural areas was likely to take risks than ones in urban areas.

Report

(4 results)