| Budget Amount *help |
¥4,810,000 (Direct Cost: ¥3,700,000、Indirect Cost: ¥1,110,000)
Fiscal Year 2015: ¥1,560,000 (Direct Cost: ¥1,200,000、Indirect Cost: ¥360,000)
Fiscal Year 2014: ¥1,690,000 (Direct Cost: ¥1,300,000、Indirect Cost: ¥390,000)
Fiscal Year 2013: ¥1,560,000 (Direct Cost: ¥1,200,000、Indirect Cost: ¥360,000)
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| Outline of Final Research Achievements |
I analyzed empirically Japanese banks’ behavior of adjustment on capital ratio after the introduction of Basel II. Employing partial adjustment model, I examined size and composition of portfolios and estimate the adjustment speeds of numerator and denominator of capital ratio. I found that Japanese banks adjusted their composition of portfolio faster than its asset size. In addition, adjustment speed of numerator is faster than that of denominator. Furthermore, banks changed portfolio composition toward safer assets when its surplus in capital ratio is less.
I found that governmental crisis management contributed to the reduction of systemic risk in the research of systemic risk during Japanese financial crisis.
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