IDEAS home Printed from https://ideas.repec.org/a/ces/ifosdt/v56y2003i01p33-37.html
   My bibliography  Save this article

Zur Kreditklemme: Ein Vergleich zwischen Japan und Deutschland

Author

Listed:
  • Frank Westermann

Abstract

Eine Kreditklemme der privaten Firmen trägt nach Meinung von Frank Westermann, Ph.D., Universität München, zu der derzeitigen Verlangsamung des Wirtschaftswachstums in Deutschland bei. Insbesondere kleinere Firmen sind hiervon betroffen, während große Firmen verstärkt alternative Möglichkeiten der Fremdfinanzierung wahrnehmen. Laut Westermann erinnert diese Entwicklung in vieler Hinsicht an die beginnende Bankenkrise in Japan Anfang der neunziger Jahre. Das Ausmaß des Problems betreffend sind die beiden Länder zwar kaum vergleichbar, die Ursachen und die Entwicklung makroökonomischer Variablen weisen jedoch eine bemerkenswerte Ähnlichkeit auf.

Suggested Citation

  • Frank Westermann, 2003. "Zur Kreditklemme: Ein Vergleich zwischen Japan und Deutschland," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 56(01), pages 33-37, January.
    • Handle: RePEc:ces:ifosdt:v:56:y:2003:i:01:p:33-37
    as

    Download full text from publisher

    File URL: https://www.ifo.de/DocDL/ifosd_2003_1_3.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Hans Günter Russ, 2002. "Kreditnachfrage schwach, aber auch Kreditvergabe restriktiver," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 55(21), pages 28-29, November.
    2. Ito, Takatoshi & Sasaki, Yuri Nagataki, 2002. "Impacts of the Basle Capital Standard on Japanese Banks' Behavior," Journal of the Japanese and International Economies, Elsevier, vol. 16(3), pages 372-397, September.
    3. Kashyap, Anil K & Stein, Jeremy C & Wilcox, David W, 1993. "Monetary Policy and Credit Conditions: Evidence from the Composition of External Finance," American Economic Review, American Economic Association, vol. 83(1), pages 78-98, March.
    4. Michael M. Hutchison, 2000. "Japan's recession: is the liquidity trap back?," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, issue jun16.
    5. Unknown, 2002. "Die Lage der Weltwirtschaft und der deutschen Wirtschaft im Herbst 2002," Report Series 26116, Hamburg Institute of International Economics.
    6. Corporate author, 2002. "Die Lage der Weltwirtschaft und der deutschen Wirtschaft im Herbst 2002," DIW Wochenbericht, DIW Berlin, German Institute for Economic Research, vol. 69(43), pages 703-757.
    7. Arbeitsgemeinschaft deutscher wirtschaftswissenschaftlicher Forschungsinstitute, 2002. "Die Lage der Weltwirtschaft und der deutschen Wirtschaft im Herbst 2002," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 55(20), pages 3-50, October.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Wolff, Joachim, 2004. "The Duration of New Job Matches in East and West Germany," Discussion Papers in Economics 360, University of Munich, Department of Economics.
    2. Truger, Achim & Jacoby, Wade, 2002. "Tax Reforms and "Modell Deutschland": Lessons from Four Years of Red-Green Tax-Policy," Institute of European Studies, Working Paper Series qt31866224, Institute of European Studies, UC Berkeley.
    3. Weinert, Gunter & Wohlers, Eckhardt & Bruck, Christiane & Fieber, Eva-Ulrike & Hinze, Jorg & Kirchesch, Kai & Matthies, Klaus & Schumacher, Christian, 2003. "Zwischen Hoffen und Bangen - Konjunktur 2003," Report Series 26082, Hamburg Institute of International Economics.
    4. Eckhard Hein & Achim Truger, 2005. "What ever happened to Germany? Is the decline of the former european key currency country caused by structural sclerosis or by macroeconomic mismanagement?," International Review of Applied Economics, Taylor & Francis Journals, vol. 19(1), pages 3-28.
    5. Imai, Masami & Takarabe, Seitaro, 2011. "Transmission of liquidity shock to bank credit: Evidence from the deposit insurance reform in Japan," Journal of the Japanese and International Economies, Elsevier, vol. 25(2), pages 143-156, June.
    6. Honda, Yuzo, 2004. "Bank capital regulations and the transmission mechanism," Journal of Policy Modeling, Elsevier, vol. 26(6), pages 675-688, September.
    7. Weinert, Günter, 2003. "Zwischen Hoffen und Bangen - Konjunktur 2003," HWWA Reports 224, Hamburg Institute of International Economics (HWWA).
    8. Borensztein, Eduardo & Lee, Jong-Wha, 2002. "Financial crisis and credit crunch in Korea: evidence from firm-level data," Journal of Monetary Economics, Elsevier, vol. 49(4), pages 853-875, May.
    9. Michael M. Hutchison & Takatoshi Ito & Frank Westermann, 2005. "The Great Japanese Stagnation: Lessons for Industrial Countries," EPRU Working Paper Series 05-13, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics.
    10. Hosono, Kaoru, 2006. "The transmission mechanism of monetary policy in Japan: Evidence from banks' balance sheets," Journal of the Japanese and International Economies, Elsevier, vol. 20(3), pages 380-405, September.
    11. Erich Langmantel, 2002. "Leistungsbilanz erstmals seit der Wiedervereinigung im Plus," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 55(11), pages 40-41, June.
    12. Christian Holzner & Wolfgang Ochel & Martin Werding, 2003. "Vom OFFENSIV-Gesetz zur "Aktivierenden Sozialhilfe" : Ein Konzept zur Reform der Arbeitsmarkt- und Sozialpolitik als Beitrag zu mehr Beschäftigung und Wachstum ; Studie im Auftrag der hessis," ifo Forschungsberichte, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 17, July.
    13. Nicola Fuchs-Schuendeln, 2005. "Adjustment to a Large Shock - Do Households Smooth Low Frequency Consumption?," 2005 Meeting Papers 517, Society for Economic Dynamics.
    14. Rosenschon, Astrid, 2002. "Finanzhilfen der Bundesländer: eine Aktualisierung," Kiel Working Papers 1127, Kiel Institute for the World Economy (IfW Kiel).
    15. MIYAKAWA Daisuke & TAKIZAWA Miho, 2015. "Capital Supply Channel through Venture Capitals: Evidence from matched data," Discussion papers 15141, Research Institute of Economy, Trade and Industry (RIETI).
    16. HOSONO Kaoru & MIYAKAWA Daisuke, 2014. "Business Cycles, Monetary Policy, and Bank Lending: Identifying the bank balance sheet channel with firm-bank match-level loan data," Discussion papers 14026, Research Institute of Economy, Trade and Industry (RIETI).
    17. Lehment, Harmen & Oskamp, Frank, 2004. "Gesamtwirtschaftliche Bedingungen für einen Anstieg des Arbeitsvolumens in Deutschland," Open Access Publications from Kiel Institute for the World Economy 3216, Kiel Institute for the World Economy (IfW Kiel).
    18. Manegold, Dirk, 2003. "Aspekte Gemeinsamer Agrarpolitik 2002," German Journal of Agricultural Economics, Humboldt-Universitaet zu Berlin, Department for Agricultural Economics, vol. 52(01), pages 1-19.
    19. Valérie Oheix & Dorothée Rivaud-Danset, 2009. "Why do firms borrow on a short-term basis ? Evidence from European countries," Working Papers hal-04140880, HAL.
    20. Waters, George A., 2013. "Quantity rationing of credit and the Phillips curve," Journal of Macroeconomics, Elsevier, vol. 37(C), pages 68-80.

    More about this item

    Keywords

    Kredit; Kreditgeschäft; Wirtschaftswachstum; Vergleich; Japan; Deutschland;
    All these keywords.

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ces:ifosdt:v:56:y:2003:i:01:p:33-37. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Klaus Wohlrabe (email available below). General contact details of provider: https://edirc.repec.org/data/ifooode.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.