Replication data for: On the Real Effects of Bank Bailouts: Micro Evidence from Japan
Principal Investigator(s): View help for Principal Investigator(s) Mariassunta Giannetti; Andrei Simonov
Version: View help for Version V1
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Project Citation:
Giannetti, Mariassunta, and Simonov, Andrei. Replication data for: On the Real Effects of Bank Bailouts: Micro Evidence from Japan. Nashville, TN: American Economic Association [publisher], 2013. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E114260V1
Project Description
Summary:
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Exploiting the Japanese banking crisis of the 1990s as a laboratory,
we investigate the effects of bank bailouts on the supply of credit and
the performance of banks’ clients. Our findings indicate that the size
of capital injections relative to the initial financial condition of banks
is crucial for the success of bank bailouts. Capital injections that are
large enough to reestablish bank capital requirements increase the
supply of credit and spur investment. In contrast, not only do capital
injections that are too small fail to increase the supply of credit,
but they also encourage the evergreening of nonperforming loans.
(JEL E44, G21, G28, G32, G34)
Scope of Project
JEL Classification:
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E44 Financial Markets and the Macroeconomy
G21 Banks; Depository Institutions; Micro Finance Institutions; Mortgages
G28 Financial Institutions and Services: Government Policy and Regulation
G32 Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
G34 Mergers; Acquisitions; Restructuring; Voting; Proxy Contests; Corporate Governance
E44 Financial Markets and the Macroeconomy
G21 Banks; Depository Institutions; Micro Finance Institutions; Mortgages
G28 Financial Institutions and Services: Government Policy and Regulation
G32 Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
G34 Mergers; Acquisitions; Restructuring; Voting; Proxy Contests; Corporate Governance
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