Asset Price Bubble and Banks: The Case of Japan
Published By: BIDS on eSS | Published Date: March, 01 , 2011This paper analyses the behaviour of the Japanese banks at the outset of the asset price bubble in the late 1980s. The paper argues that with the advent of financial deregulations, the declining trend of profitability forced the banks to exhibit speculative behaviour during the asset price bubble period (mid-1980s) to increase short term profit. This
Author(s): Hossain Monzur, Farhana Rafiq | Posted on: May 29, 2012 | Views(545) | Download (976)