Priority Rule Violations and Perverse Banking Behaviors Theoretical Analysis and Implications of the 1990s Japanese Loan Markets /

• Main Authors: Seshimo, Hiroyuki (Author), Yamazaki, Fukuju (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Singapore : Springer Singapore : Imprint: Springer, 2017.
• Series: SpringerBriefs in Economics,
• Subjects: Finance.; Banks and banking.; Banking.; Financial Crises.

This book theoretically and empirically explores why Japanese banks engaged in seemingly contradictory behaviors in the 1990s, namely, the credit crunch and evergreening, i.e., inefficient additional lending. A credit crunch occurs when banks are unwilling to finance good and efficient projects.  Ev...