Asset Price Bubble and Banks: The Case of Japan

Monzur Hossain () and Farhana Rafiq

Working Papers from eSocialSciences

Abstract: This paper analyses the behaviour of the Japanese banks at the outset of the asset price bubble in the late 1980s. The paper argues that with the advent of financial deregulations, the declining trend of profitability forced the banks to exhibit speculative behaviour during the asset price bubble period (mid-1980s) to increase short term profit. This

Keywords: asset prices; japanese banks; japan; financial sector; financial liberalization; small and medium enterprises; debtor companies (search for similar items in EconPapers)
Date: 2012-05
Note: Institutional Papers
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Journal Article: Asset Price Bubble and Banks: The Case of Japan (2011)
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