Yokoyama, Kazuki (2007): Too Big to Fail: the Panic of 1927. Published in: Discussion Papers in Economics No. 465
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This paper measures that the Bank of Japan adopted the too-big-to-fail doctrine against the panic of 1927. The results at this paper imply that supported banks had higher closure risk or occupied key positions in the local loan-markets. And this paper finds that the Bank of Japan bailed out solvent banks if they had political importance.
|Item Type:||MPRA Paper|
|Institution:||Graduate School of Economics, Nagoya City University|
|Original Title:||Too Big to Fail: the Panic of 1927|
|Keywords:||lender of last resort (LLR); too big to fail; the panic of 1927; bank closure|
|Subjects:||G - Financial Economics > G2 - Financial Institutions and Services > G28 - Government Policy and Regulation
G - Financial Economics > G2 - Financial Institutions and Services > G21 - Banks; Depository Institutions; Micro Finance Institutions; Mortgages
N - Economic History > N2 - Financial Markets and Institutions > N25 - Asia including Middle East
|Depositing User:||Kazuki YOKOYAMA|
|Date Deposited:||18. Apr 2007|
|Last Modified:||13. Feb 2013 22:28|
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