We combine recent findings from the empirical banking literature with established insights
from studies of banking competition and regulation. Motivated by modern theory of financial …

This book provides a compendium to the empirical work investigating the hypotheses
generated by recent banking theory. Such a compendium is overdue. Since the publication …

Writing with clarity and precision, David Andrew Singer makes a major contribution to our
understanding of the international regulation of capital flows. His puzzle is why different …

The midst of the most severe global financial crisis since the Great Depression might seem
an odd time to be writing a book about Japan's new political economy. So much is up in the …

This article investigates the profitability of Japanese banks following the major financial
crisis that affected the country's economy in the mid-1990s. Further, it examines the …

This article investigates the effect of banks' lending capacity on firms' investment. To identify
exogenous shocks to loan supply, we utilize the natural experiment provided by Japan's …

We calculate abnormal stock returns for Japanese non-financial companies around major
events associated with the banking crisis (1995–2000), and find that not all companies were …

Using stock price data drawn from the 1990s in Japan, this paper empirically shows that
bank risk is negatively associated with discretionary accruals, indicating that investors …

Previous studies of event returns surrounding bank mergers show that banks gain value in
megamergers and additional value when they absorb in-market competitors. A portion of …

Abstract The Great Kanto Earthquake of 1923 caused serious damage to firms and banks in
Yokohama City. We explore the role of the financial support by the Bank of Japan (BoJ) …