The Policy analysis of the Financial Crises

2014 Fiscal Year Final Research Report

• Project/Area Number: 22530325
• Research Category: Grant-in-Aid for Scientific Research (C)
• Allocation Type: Single-year Grants
• Section: 一般
• Research Field: Public finance/Monetary economics
• Research Institution: Meiji Gakuin University
• Principal Investigator: SASAKI Yuri 明治学院大学, 経済学部, 教授 (10272767)
• Project Period (FY): 2010-04-01 – 2015-03-31
• Keywords: 金融規制 / 銀行貸出 / バーゼルアコード / 含み益 / 劣後債 / 繰延税金資産 / 公的資金 / 土地再評価益

Outline of Final Research Achievements

We investigate the lending behavior of Japanese banks under the Basel capital standards, with a focus on the effects of the discretionary policies made by Japanese financial authorities to help Japanese banks raise their capital ratios. Using a simultaneous equations model, we examine how each component of the risk-based capital ratio affected the lending decisions made by Japanese banks. The results reveal the influence of each component of the risk-based capital ratio: latent capital gains, subordinated debt, disposal of non-performing loans, public capital injections, and deferred tax assets. Overall, Japan’s discretionary policies were effective in increasing lending by Japanese banks.

Free Research Field

金融論、国際金融論