The size of Japanese bank lending operations in the United States enables us to use US
banking data to investigate the extent to which the sharp decline in Japanese stock prices was …

Recently, several central banks have lost their bank supervisory responsibilities, in part
because it has not been shown that supervisory authority improves the conduct of monetary …

The Japanese banking crisis provides a natural experiment to test whether a loan supply
shock can affect real economic activity. Because the shock was external to US credit markets, …

We examine the misallocation of credit in Japan associated with the perverse incentives faced
by banks to provide additional credit to the weakest firms. Firms are more likely to receive …

Management and quantification of operational risk has been impeded by the lack of internal
or external data on operational losses. We consider newly available data collected from …

We find that acquirers tend to recast the target in their own image, causing the small business
loan portfolio share of the consolidated bank to converge toward the pre-merger portfolio …

… The interesting paper by Joe Peek and Eric S. Rosengren is a contribution to the debate over
… Following the Peek and Rosengren paper, my remarks are organized around five questions…

… and Rosengren, 1994), we can identify an additional determinant of Japanese FDI that may
have been an important factor in its decline in the 1990’s, the effects of loan supply shocks. …

Not since the Great Depression has so much of the world faced widespread banking
problems, with 112 episodes of systemic banking crises in 93 countries since the late 1970s (…

Operational risk is currently receiving significant media attention, as financial scandals have
appeared regularly and multiple events have exceeded one billion dollars in impact. …