Logo
Munich Personal RePEc Archive

The Impact of Policy Shocks on Financial Structure: Empirical Results from Japan

Moayedi, Vafa and Aminfard, Matin (2011): The Impact of Policy Shocks on Financial Structure: Empirical Results from Japan.

[img]
Preview
PDF
MPRA_paper_39185.pdf

Download (571kB) | Preview

Abstract

This study examines the relationship between Japan’s financial structure and the country’s fiscal/monetary policy. Vector Error Correction models are utilized to investigate the effect of policy shocks on financial structure development during a sample period of 48 years. Our findings reveal signs of an existing long-run relationship between policy variables and financial structure. Policymakers in Japan may have effectively influenced Japan’s financial structure development via fiscal and monetary actions. This result strengthens the assumption of a volatile financial structure due to policy interference. This study is the first of its kind and is intended to stimulate further research and debate.

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.