The Impact of the Bank of Japan’s Low-Interest Rate Policy on the Japanese Banking Sector
Gerstenberger, Juliane; Schnabl, Gunther
Abstract
Gunther Schnabl and Juliane Gerstenberger analyse the impact of the Bank of Japan’s low-interest rate policy on the banking sector in the wake of the 1998 Japanese financial crisis. They provide evidence that the Japanese monetary policy has contributed to declining efficiency in the banking sector, despite – or possibly because of – the increasing concentration within this sector.
Keywords: Banking Sector, City Banks, concentration, Crisis Management, Japan, Monetary policy, regional banks, Shinkin Banks.
JEL Codes: E52, E58, E63, F42.
Erschienen in
Credit and Capital Markets – Kredit und Kapital, Bd. 54 (2021), Heft 4: S. 533–562.