Causes of Japan’s Banking Problems in the 1990s
Causes of Japan’s Banking Problems in the 1990s
复制标题
20世纪90年代日本银行业问题的原因
DOI：
10.1007/978-1-4615-4395-4_3
复制
发表时间：
2000
期刊：
影响因子：
--
通讯作者：
K. Ueda
中科院分区：
文献类型：
--
作者：
K. Ueda
本章探讨了20世纪90年代日本金融体系不稳定的原因。不良贷款是90年代日本金融体系面临的许多问题的直接原因，80年代后期繁荣时期的真实的地产贷款通常被认为是不良贷款的主要来源。本章试图解释真实的房地产贷款为何会发生，并衡量泡沫破裂后房地产贷款的实际影响。然而，真实的房地产贷款只是日本银行业问题的根源之一，因此，我们使用各银行的不良贷款数据来估计其他几个变量作为影响因素的重要性。货币政策的波动导致了资产价格的大幅波动，自由化对银行行为的影响，以及银行监管在加剧这种情况中所发挥的作用。
This chapter discusses the causes of the instability of the Japanese financial system in the 1990s. Bad loans have been the immediate cause of many of the problems facing the Japanese financial system in the 1990s, and real estate lending during the boom period of the late 1980s is generally considered a principal source of the bad loans. This chapter seeks to explain why the real estate lending took place, and to measure the actual impact it has had since the bubble burst. Real estate lending is, however, only one source of Japan’s banking problems, so data on bad loans at individual banks are used to estimate the importance of several other variables as contributing factors. The volatility of monetary policy that led to wide swings in asset prices, the impact of liberalization on bank behavior, and the role bank regulation has played in aggravating the situation are considered.