2011 Fiscal Year Final Research Report
A Study on the Role of Cooperative Banks in Local Economic Development
| Project/Area Number |
21530315
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Single-year Grants |
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| Section | 一般 |
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| Research Field |
Public finance/Monetary economics
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| Research Institution | Waseda University |
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Principal Investigator |
MORI Teruo 早稲田大学, 政治経済学術院, 教授 (40111075)
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| Co-Investigator(Kenkyū-buntansha) |
OHKUMA Masanori 早稲田大学, 政治経済学術院, 助教 (60507987)
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| Project Period (FY) |
2009 – 2011
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| Keywords | 金融論 / 地域経済学 |
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| Research Abstract |
Japanese cooperative banks, whose stated aim is the maximization of consumer surplus, may have the possible advantages over their joint-stock counterparts in breaking the market failure that leads to credit rationing. The study, however, provokes skepticism to this view, suggesting unstable and less efficient operation of some cooperative banks in local communities probably due to weak mechanisms for management discipline, their small business size and narrow operating areas, and so on.
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