The DOI matches its Crossref record; 3 of the 3 references it cites were found in a registry or an index.
On the Real Effects of Bank Bailouts: Micro Evidence from Japan
Abstract
Exploiting the Japanese banking crisis of the 1990s as a laboratory, we investigate the effects of bank bailouts on the supply of credit and the performance of banks' clients. Our findings indicate that the size of capital injections relative to the initial financial condition of banks is crucial for the success of bank bailouts. Capital injections that are large enough to reestablish bank capital requirements increase the supply of credit and spur investment. In contrast, not only do capital injections that are too small fail to increase the supply of credit, but they also encourage the evergreening of nonperforming loans. (JEL E44, G21, G28, G32, G34)
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Citations
Cites
The role of banks in reducing the costs of financial distress in Japan
Hoshi, T., Kashyap, A., & Scharfstein, D. (1990) · Journal of Financial Economics · doi:10.1016/0304-405x(90)90021-q · Cited by 1,213
The value of bank durability: Borrowers as bank stakeholders
SLOVIN, M. B., SUSHKA, M. E., & POLONCHEK, J. A. (1993) · The Journal of Finance · doi:10.1111/j.1540-6261.1993.tb04708.x · Cited by 418
Do Banking Shocks Affect Borrowing Firm Performance? An Analysis of the Japanese Experience
Kang, J.-K., & Stulz, R. M. (1998) · doi:10.2139/ssrn.136708 · Cited by 392
Cited by
Zombie Lending and Depressed Restructuring in Japan
Caballero, R. J., Hoshi, T., & Kashyap, A. K. (2008) · American Economic Review · doi:10.1257/aer.98.5.1943 · Cited by 1,543
Systemic Banking Crises Database II
Laeven, L., & Valencia, F. (2020) · IMF Economic Review · doi:10.1057/s41308-020-00107-3 · Cited by 1,123
Metadata
- Authors
- Giannetti, M., & Simonov, A.
- Venue
- American Economic Journal: Macroeconomics
- Publisher
- American Economic Association
- Published
- 2013-01-01
- Volume
- 5
- Issue
- 1
- Pages
- 135-167
- ISSN
- 1945-7707 (ISSN-L)
- 1945-7715
- OpenAlex
- W3125762209
- Cited by
- 265
- References
- 3
- FWCI
- 21.52
- Type
- journal article
- Language
- en
- Open access
- closed
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