2011 Fiscal Year Final Research Report
Theoretical and Empirical Study of the Government's Lending and Its Involvement with Lending Institutions
| Project/Area Number |
21730201
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| Research Category |
Grant-in-Aid for Young Scientists (B)
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| Allocation Type | Single-year Grants |
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| Research Field |
Applied economics
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| Research Institution | Keio University |
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Principal Investigator |
WATANABE Wako 慶應義塾大学, 商学部, 准教授 (80379106)
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| Project Period (FY) |
2009 – 2011
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| Keywords | 政府系金融機関 / メインバンク / 金融規制監督 / 自己資本比率 / 預金保険 |
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| Research Abstract |
The research results are summarized into three, each of which is now an unpublished manuscript. First, using the data of loan terms collected in the survey conducted by the Research Institute of Economy, Trade and Industry as well as the data on respondent firms' lenders, we found that firms that borrow from their main bank only pay higher loan rates than those that borrow not only from their main bank but also from other lenders. Second, we found that banks take risks so as to increase benefits earned through the deposit insurance system so that the moral hazard is present, and this moral hazard can be mitigated by properly designed public capital infusions. Third, using the data of banks from all across Asia, we compared banks of different ownership types, public(state owned), foreign and domestic private and found that public banks were the least cost efficient.
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