| 日時： （Date&Time) |
5月13日（木）午後4時から （Thursday, May 13, 4:00pm〜） |
| 報告者： （Speaker） |
渡部 和孝 （WATANABE Wako） |
| 所属： （Affiliation） |
大阪大学 （Osaka University） |
| 論題： （Topic） |
Do Negative Shocks to Bank Capital Cause Flight to Quality?: Evidence from Japan |
| 概要： （Abstract） |
Constructing a strong instrument for bank capital from the empirical observation of Japanese banks' past behavioral changes, we identify the impact of capital adequacy on the allocation of bank lending supply across groups of industries. We find that, in FY 1997, contrary to the flight to quality hypothesis, the large negative shock resulted from the financial crisis and the regulator's response induced banks to rebalance their lending portfolio toward lower quality. Our findings also suggest that the recapitalization of large banks helped banks restructure their portfolio toward high quality industries in FY 1998. |
| 会場： (Place) |
神戸大学経済経営研究所 調査室 （兼松記念館1階） Seminar Room at RIEB (Kanematsu Memorial Hall 1st Floor) |
| 対象： （Intended Audience) |
教員、院生および同等をお持ちの方 Faculty, Graduate Students and People with Equivalent Knowledge |
| 使用言語 （Language) |
日本語 Japanese |
| 備考： (Note) |
論文のコピーは研究助成室にご用意しております。 |