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...
Κύριοι συγγραφείς: | , |
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Συγγραφή απο Οργανισμό/Αρχή: | |
Μορφή: | Ηλεκτρονική πηγή Ηλ. βιβλίο |
Γλώσσα: | English |
Έκδοση: |
Singapore :
Springer Singapore : Imprint: Springer,
2017.
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Σειρά: | SpringerBriefs in Economics,
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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.