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Priority Rule Violations and Perverse Banking Behaviors
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Priority Rule Violations and Perverse Banking Behaviors

Theoretical Analysis and Implications of the 1990s Japanese Loan Markets
Buch (broschiert)ca. 77.00 CHF
lieferbar in ca. 20-45 Arbeitstagen

Provides theoretical arguments to consistently explain contradictory-appearing Japanese banking behaviors in the 1990s, i.e., the credit crunch and inefficient additional lending

Differs from the typical explanations of the credit crunch that are based mainly on the debt overhang theory or BIS regulation of capital adequacy ratios

Explores the optimal legal rule or scheme for insolvent firms to make efficient investment decisions 

September 2017, ca. 80 Seiten, Development Bank of Japan Research Series, SpringerBriefs in Economics, Englisch
Springer EN, Development Bank of Japan Inc.
978-981-10-5851-6

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