Impacts of the Basle Capital Standard on Japanese Banks' Behavior
Takatoshi Ito () and
Yuri Nagatake Sasaki
No 6730, NBER Working Papers from National Bureau of Economic Research, Inc
This paper examines how the risk based capital standards, the so-called Basle Accord between 1990 and 1993. As the Japanese stock prices fell, banks' latent capital gains, which are part of tier II capital, became smaller. Empirical findings are consistent with a view that banks with lower capital ratios tended to issue more subordinated debts (tier II) and to reduce lending (risk assets).
JEL-codes: G18 G21 (search for similar items in EconPapers)
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Published as Ito, Takatoshi and Yuri Nagataki Sasaki. "Impacts Of The Basle Capital Standard On Japanese Banks' Behavior," Journal of the Japanese and International Economies, 2002, v16(3,Sep), 372-397.
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Journal Article: Impacts of the Basle Capital Standard on Japanese Banks' Behavior (2002)
Working Paper: Impacts of the Basle Capital Standard on Japanese Banks' Behavior (1998)
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