Why does the problem persist? 'Rational rigidity' and the plight of Japanese banks

World Economy

Volumn 26, Issue 3, 2003, Pages 301-324

  Nishimura, Kiyohiko G ^a   Kawamoto, Yuko ^b  

^a UNIVERSITY OF TOKYO   (Japan)

^b MCKINSEY AND COMPANY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

BANKING; ENTREPRENEUR; FINANCIAL CRISIS; NATIONAL TRADE;

JAPAN;

EID: 0038322140     PISSN: 03785920     EISSN: None     Source Type: Journal    
DOI: 10.1111/1467-9701.00524     Document Type: Article

References (7)

1. Hoshi, T. and A. Kashyap (1999), 'The Japanese Banking Crisis: Where Did It Come From and How Will It End?' in B. S. Bernanke and J. Rotemberg (eds.), NBER Macroeconomic Annual, 14, 129-201.
2. Hoshi, T. and A. Kashyap (2001), Corporate Financing and Governance in Japan (Cambridge: MIT Press).
3. Kobayashi, K., T. Saita and T. Sekine (2002), 'Forbearance Lending: A Case for Japanese Firms,' Working Paper 02-2E (Bank of Japan).
4. Miwa, Y. and J. M. Ramseyer (2002), 'The Fable of the Keiretsu,' The Journal of Economics and Management Strategy, 11, 169-202.
5. Nishimura, K. G. and C. Shimizu (2002), 'Distorted Land-Price Information,' in K. G. Nishimura (ed.), Economic Analysis of Japanese Real Estate Markets (Tokyo: Nihon Keizai Shimbun, June, in Japanese).
6. Nishimura, K. G. and Y. Tamai (2001), 'Long-Run Rigidity in Labour Markets,' in T. Negishi, R. Ramachadran and K. Mino (eds.), Economic Theory, Dynamics and Markets (Boston: Kluwer Academic Publishers).
7. Study Project on the Potential Influence of Balance Sheet Adjustment (Chair: K. G. Nishimura) (2001), The Effects of the Disposition of Non-Performing Loans, report submitted to Economy and Finance Minister Heizo Takenaka (June).