Deposit Insurance Regulatory forbearance and Economic Growth: Implications for the Japanese Banking Crisis
An endogenous growth model with financial intermediation demonstrates how deposit insurance and prudential regulatory forbearance lead to banking crises and growth declines. The model assumptions are based on features of the Japanese financial system and regulation. The model demonstrates how bankin...
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1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2005
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Schriftenreihe: | IMF Working Papers
Working Paper No. 05/169 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | An endogenous growth model with financial intermediation demonstrates how deposit insurance and prudential regulatory forbearance lead to banking crises and growth declines. The model assumptions are based on features of the Japanese financial system and regulation. The model demonstrates how banking and growth crises can evolve under perfect foresight. The dynamics for economic aggregates and asset prices predicted by the model are shown to be generally consistent with the experience of the Japanese economy and financial system through the 1990s. We also test our maintained hypothesis of rational expectations using asset price data for Japan over the 1980s and 1990s |
Beschreibung: | 1 Online-Ressource (34 p) |
ISBN: | 1451861885 9781451861884 |
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spelling | Kletzer, Kenneth Verfasser aut Deposit Insurance Regulatory forbearance and Economic Growth Implications for the Japanese Banking Crisis Kletzer, Kenneth Washington, D.C International Monetary Fund 2005 1 Online-Ressource (34 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 05/169 An endogenous growth model with financial intermediation demonstrates how deposit insurance and prudential regulatory forbearance lead to banking crises and growth declines. The model assumptions are based on features of the Japanese financial system and regulation. The model demonstrates how banking and growth crises can evolve under perfect foresight. The dynamics for economic aggregates and asset prices predicted by the model are shown to be generally consistent with the experience of the Japanese economy and financial system through the 1990s. We also test our maintained hypothesis of rational expectations using asset price data for Japan over the 1980s and 1990s Online-Ausg Dekle, Robert Sonstige oth http://elibrary.imf.org/view/IMF001/01663-9781451861884/01663-9781451861884/01663-9781451861884.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Kletzer, Kenneth Deposit Insurance Regulatory forbearance and Economic Growth Implications for the Japanese Banking Crisis |
title | Deposit Insurance Regulatory forbearance and Economic Growth Implications for the Japanese Banking Crisis |
title_auth | Deposit Insurance Regulatory forbearance and Economic Growth Implications for the Japanese Banking Crisis |
title_exact_search | Deposit Insurance Regulatory forbearance and Economic Growth Implications for the Japanese Banking Crisis |
title_exact_search_txtP | Deposit Insurance Regulatory forbearance and Economic Growth Implications for the Japanese Banking Crisis |
title_full | Deposit Insurance Regulatory forbearance and Economic Growth Implications for the Japanese Banking Crisis Kletzer, Kenneth |
title_fullStr | Deposit Insurance Regulatory forbearance and Economic Growth Implications for the Japanese Banking Crisis Kletzer, Kenneth |
title_full_unstemmed | Deposit Insurance Regulatory forbearance and Economic Growth Implications for the Japanese Banking Crisis Kletzer, Kenneth |
title_short | Deposit Insurance Regulatory forbearance and Economic Growth |
title_sort | deposit insurance regulatory forbearance and economic growth implications for the japanese banking crisis |
title_sub | Implications for the Japanese Banking Crisis |
url | http://elibrary.imf.org/view/IMF001/01663-9781451861884/01663-9781451861884/01663-9781451861884.xml |
work_keys_str_mv | AT kletzerkenneth depositinsuranceregulatoryforbearanceandeconomicgrowthimplicationsforthejapanesebankingcrisis AT deklerobert depositinsuranceregulatoryforbearanceandeconomicgrowthimplicationsforthejapanesebankingcrisis |