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Can Japan avert any future banking crisis?

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  • Monzur Hossain

Abstract

This paper suggests that the weaknesses of corporate governance are enough to explain the Japanese banking crisis in the 1990s. Bank size and lack of operating and management efficiency contributes to low return, thereby lead to the failure of the banks. Emergence and burst of the bubble in the late 1980s just accelerated the situation to an early crisis in the 1990s.

Suggested Citation

  • Monzur Hossain, 2005. "Can Japan avert any future banking crisis?," Applied Economics Letters, Taylor & Francis Journals, vol. 12(7), pages 425-429.
    • Handle: RePEc:taf:apeclt:v:12:y:2005:i:7:p:425-429
    DOI: 10.1080/13504850500109840
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    References listed on IDEAS

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    1. Joaquin Maudos & Jose Pastor, 2001. "Cost and profit efficiency in banking: an international comparison of Europe, Japan and the USA," Applied Economics Letters, Taylor & Francis Journals, vol. 8(6), pages 383-387.
    2. Hoshi, Takeo, 2001. "What Happened to Japanese Banks?," Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan, vol. 19(1), pages 1-29, February.
    3. M. Konishi & Y. Yasuda, 2003. "Evidence on a cause of Japan's prolonged banking crisis," Applied Economics Letters, Taylor & Francis Journals, vol. 10(13), pages 853-855.
    4. Maudos, Joaquin & Pastor, Jose M. & Perez, Francisco & Quesada, Javier, 2002. "Cost and profit efficiency in European banks," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 12(1), pages 33-58, February.
    5. Kiefer, Nicholas M, 1988. "Economic Duration Data and Hazard Functions," Journal of Economic Literature, American Economic Association, vol. 26(2), pages 646-679, June.
    6. Martin, Daniel, 1977. "Early warning of bank failure : A logit regression approach," Journal of Banking & Finance, Elsevier, vol. 1(3), pages 249-276, November.
    7. Shahidur Rahman & Lian Hwa Tan & Ooi Lyn Hew & Yih San Tan, 2004. "Identifying Financial Distress Indicators of Selected Banks in Asia," Asian Economic Journal, East Asian Economic Association, vol. 18(1), pages 45-57, March.
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    Cited by:

    1. Hossain, Monzur & Rafiq, Farhana, 2011. "Asset Price Bubble and Banks: The Case of Japan," Bangladesh Development Studies, Bangladesh Institute of Development Studies (BIDS), vol. 34(1), pages 23-38, March.

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