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

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...

Πλήρης περιγραφή

Λεπτομέρειες βιβλιογραφικής εγγραφής
Κύριοι συγγραφείς: Seshimo, Hiroyuki (Συγγραφέας), Yamazaki, Fukuju (Συγγραφέας)
Συγγραφή απο Οργανισμό/Αρχή: SpringerLink (Online service)
Μορφή: Ηλεκτρονική πηγή Ηλ. βιβλίο
Γλώσσα:English
Έκδοση: Singapore : Springer Singapore : Imprint: Springer, 2017.
Σειρά:SpringerBriefs in Economics,
Θέματα:
Διαθέσιμο Online:Full Text via HEAL-Link
Πίνακας περιεχομένων:
  • 1 Introduction
  • 2 Examples of APR violation in Japan in the 1990s
  • 3 Fundamental Structure of our Model and the Result in the Case with No APR Violations
  • 4 Economic Analysis of Excess Additional Credit (Loan Evergreening)
  • 5 Empirical Evidence
  • 6 DIP Finance, Optimal Priority Rule, and Implications for Japanese Legal Reforms
  • 7 Concluding Remarks.