Financial Intermediation and Deregulation: A Critical Analysis of Japanese Bank-Firm Relationships

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The author develops a model of bank-firm relationships on the basis of the following general idea: Banks want to prevent moral hazard on the side of their customers. In particular they want to prevent their business customers to use bank credit for purposes different from those that have been negotiated thus damaging the bank's interest. The idea of this model is relatively simple. Banks do not extend a loan if the project for which the money is intended will probably be un- profitable. They extend the loan if the success ...

Financial Intermediation and Deregulation: A Critical Analysis of Japanese Bank-Firm Relationships 2000, Physica-Verlag, New York, NY

ISBN-13: 9783790813074

Softcover Reprint of the Origi edition

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