Akita University of Art: AUA Repository / 秋田公立美術大学リポジトリ
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"The Special Loan Exhibition of Art Treasures from Japan" held at the Museum of Fine Arts, Boston in 1936 and the essay on Japanese Art by Yukio Yashiro
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Reinterpreting the Dichotomy between British Didactic Authors and Romantic Poets : Thought on Dualistic Frameworks of Educational Ideas Shared Between Locke and Rousseau
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The Rome International Exhibition of Fine Art in 1911 and Eizo Hirayama
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Collateralization, bank loan rates and monitoring
We show that collateral plays an important role in the design of debt contracts, the provision of credit, and the incentives of lenders to monitor borrowers. Using a unique data set from a large bank containing timely assessments of collateral values, we find that the bank responded to a legal reform that exogenously reduced collateral values by increasing interest rates, tightening credit limits, and reducing the intensity of its monitoring of borrowers and collateral, spurring borrower delinquency on outstanding claims. We thus explain why banks are senior lenders and quantify the value of claimant priority