Changing Behavior of Private Banks and Corporations and Monetary Policy in Japan

Naoyuki Yoshino ()

Chapter 6 in Financial Stability in a Changing Environment, 1995, pp 209-277 from Palgrave Macmillan

Abstract: Abstract This chapter analyzes the impact of banking and corporate behaviour with special focus on the so-called asset bubble period of 1987–90 when banks extended huge speculative loans to real estate and non-bank financial institutions, subsequently resulting in default losses. Monetary policy at the time focused more on exchange rates than money supply since prices were stable.

Keywords: Interest Rate; Monetary Policy; Asset Price; Money Supply; Private Bank (search for similar items in EconPapers)
Date: 1995
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-13352-9_7

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DOI: 10.1007/978-1-349-13352-9_7

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