Munich Personal RePEc Archive

Too Big to Fail: the Panic of 1927

Yokoyama, Kazuki (2007): Too Big to Fail: the Panic of 1927.

There is a more recent version of this item available.
[thumbnail of MPRA_paper_2829.pdf]

Download (90kB) | Preview


The purpose of this paper is to explore whether the Bank of Japan provided the special loans for insolvent banks against the panic of 1927. This paper uses a cross-sectional data set consisting of observations on 1364 ordinary banks. The logit model regression at this paper provides each bank’s estimated propensity to close. And the results of the tobit model regressions imply that supported banks had higher closure risk or occupied key positions in the local loan-markets and that the bank bailouts may have reflected political factors to some extent.

Available Versions of this Item

Atom RSS 1.0 RSS 2.0

Contact us: mpra@ub.uni-muenchen.de

This repository has been built using EPrints software.

MPRA is a RePEc service hosted by Logo of the University Library LMU Munich.