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Titlebook: Crisis and Change in the Japanese Financial System; Takeo Hoshi,Hugh Patrick Book 2000 Springer Science+Business Media New York 2000 Banki

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Causes of Japan’s Banking Problems in the 1990se used to estimate the importance of several other variables as contributing factors. The volatility of monetary policy that led to wide swings in asset prices, the impact of liberalization on bank behavior, and the role bank regulation has played in aggravating the situation are considered.
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Bank Lending in Japan: Its Determinants and Macroeconomic Implicationstious in making loans or, even worse, lead them to withdraw loans to maintain capital requirements. It is further asserted that a contraction of bank credit in turn chokes off the real activity of bank-dependent firms and thus aggravates the current stagnancy of the Japanese economy.
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Book 2000is. Dominated by large institutions, theJapanese banking system has suffered from serious problems withnon-performing loans since the early 1990s, when the Japanese stockmarket and urban real estate market both crashed. Delays in respondingto these twin asset bubbles, by both regulatory authorities
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Wege aus dem Schullüftungsfiaskoal markets in resource allocation. Whether it also leads to changes in the legal system and corporate governance is another matter. I argue that in some respects it already does, but in other respects it will not.
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