We examine the propagation mechanisms of the US financial crisis that erupted in 2008 on the Asian economy, which was tightly linked to the US through exports and financial relationships. While two possible propagation channels, trade and financial channels, are identified in previous...

This paper investigates whether the health of a bank affects the client firm's capital structure and then leads to inefficiency in the client firm's decision-making. Using the Japanese IPO dataset from 1996 to 2005 when bank sectors suffered liquidity shortages and IPO booms occurred at the same...