Article ID Journal Published Year Pages File Type
965005 Journal of the Japanese and International Economies 2011 14 Pages PDF
Abstract
► We estimate the causal effects of liquidity shocks on credit supply in Japan. ► The lifting of blanket guarantee led to the loss of time deposit for weak banks. ► This deposit outflow tightened banks' financing constraints and credit supply.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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Transmission of liquidity shock to bank credit: Evidence from the deposit insurance reform in Japan
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