Click Here to Download: https://ouo.io/JqzN3h Priority Rule Violations and Perverse Banking Behaviors Theoretical Analysis and Implications of the 1990s Japanese Loan Markets By: Hiroyuki Seshimo; Fukuju Yamazaki Publisher: Springer Print ISBN: 9789811058516, 9811058512 eText ISBN: 9789811058523, 9811058520 Copyright year: 2017 Format: PDF Available from $ 69.99 USD SKU 9789811058523 Provides theoretical arguments to consistently explain contradictory-appearing Japanese banking behaviors in the 1990s, i.e., the credit crunch and inefficient additional lending Differs from the typical explanations of the credit crunch that are based mainly on the debt overhang theory or BIS regulation of capital adequacy ratios Explores the optimal legal rule or scheme for insolvent firms to make efficient investment decisions
