Too Big to Fail: the Panic of 1927

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.

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Year of publication:	2007-04-17
Authors:	Yokoyama, Kazuki

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Type of publication:	Book / Working Paper
Language:	English
Notes:	Yokoyama, Kazuki (2007): Too Big to Fail: the Panic of 1927. Published in: Discussion Papers in Economics No. 465
Classification:	G28 - Government Policy and Regulation ; G21 - Banks; Other Depository Institutions; Mortgages ; N25 - Asia including Middle East
Source:	BASE

Persistent link: https://www.econbiz.de/10015224877