Artikel
The Impact of the Bank of Japan's Low-Interest Rate Policy on the Japanese Banking Sector
This paper presents an analysis of 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. We show how the low-cost liquidity provision as a means to stabilize banks has created a growing gap between deposits and loans in the financial system and how the low-interest rate policy has compressed interest margins as the traditional source of banks' income. Efficiency scores are compiled to estimate the effect of the Bank of Japan's monetary policy on banks' technical efficiency. The estimation results 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.
- Language
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Englisch
- Bibliographic citation
-
Journal: Credit and Capital Markets – Kredit und Kapital ; ISSN: 2199-1235 ; Volume: 54 ; Year: 2021 ; Issue: 4 ; Pages: 533-562
- Classification
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Wirtschaft
Monetary Policy
Central Banks and Their Policies
International Policy Coordination and Transmission
Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy
- Subject
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Japan
Monetary Policy
Crisis Management
Banking Sector
City Banks
Regional Banks
Shinkin Banks
Concentration
- Event
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Geistige Schöpfung
- (who)
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Gerstenberger, Juliane
Schnabl, Gunther
- Event
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Veröffentlichung
- (who)
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Duncker & Humblot
- (where)
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Berlin
- (when)
-
2021
- DOI
-
doi:10.3790/ccm.54.4.533
- Last update
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10.03.2025, 11:44 AM CET
Data provider
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Gerstenberger, Juliane
- Schnabl, Gunther
- Duncker & Humblot
Time of origin
- 2021
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