Deposit Insurance Regulatory forbearance and Economic Growth : Implications for the Japanese Banking Crisis /

An endogenous growth model with financial intermediation demonstrates how deposit insurance and prudential regulatory forbearance lead to banking crises and growth declines. The model assumptions are based on features of the Japanese financial system and regulation. The model demonstrates how bankin...

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Hlavní autor: Kletzer, Kenneth
Další autoři: Dekle, Robert
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 2005.
Edice:IMF Working Papers; Working Paper ; No. 2005/169
On-line přístup:Full text available on IMF
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245 1 0 |a Deposit Insurance Regulatory forbearance and Economic Growth :   |b Implications for the Japanese Banking Crisis /  |c Kenneth Kletzer, Robert Dekle. 
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300 |a 1 online resource (34 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a An endogenous growth model with financial intermediation demonstrates how deposit insurance and prudential regulatory forbearance lead to banking crises and growth declines. The model assumptions are based on features of the Japanese financial system and regulation. The model demonstrates how banking and growth crises can evolve under perfect foresight. The dynamics for economic aggregates and asset prices predicted by the model are shown to be generally consistent with the experience of the Japanese economy and financial system through the 1990s. We also test our maintained hypothesis of rational expectations using asset price data for Japan over the 1980s and 1990s. 
538 |a Mode of access: Internet 
700 1 |a Dekle, Robert. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2005/169 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2005/169/001.2005.issue-169-en.xml  |z IMF e-Library