What kinds of credit associations favor introducing new financial technology?

Since 2003, the Financial Services Agency has set relationship banking enhancement program as an important strategic task to improve the functions of regional financial institutions. In this enhancement program, the FSA recommended that regional financial institutions introduce new financial products such as collateralized loan obligations (CLOs) and collateralized bond obligations (CBOs). However, this was left up to each institution’s discretion rather than being mandatory. This resulted in a large difference in the introduction of new products. Therefore, this paper has analyzed what kinds of credit associations favorably increased the use of new financial products. As a result, it has been confirmed that the larger their lending shares and management scale, and the better their business conditions are, the more positively they work on the introduction of new products. Considering the fact that relationships between financial institutions and enterprises tend to be fixed in Japan, this means that medium and small enterprises will have restrictions on the financial products they can use depending on the situation of their main banks

What kinds of credit associations favor introducing new financial technology?

Since 2003, the Financial Services Agency has set relationship banking enhancement program as an important strategic task to improve the functions of regional financial institutions. In this enhancement program, the FSA recommended that regional financial institutions introduce new financial products such as collateralized loan obligations (CLOs) and collateralized bond obligations (CBOs). However, this was left up to each institution’s discretion rather than being mandatory. This resulted in a large difference in the introduction of new products. Therefore, this paper has analyzed what kinds of credit associations favorably increased the use of new financial products. As a result, it has been confirmed that the larger their lending shares and management scale, and the better their business conditions are, the more positively they work on the introduction of new products. Considering the fact that relationships between financial institutions and enterprises tend to be fixed in Japan, this means that medium and small enterprises will have restrictions on the financial products they can use depending on the situation of their main banks.Small businesses; New financial products; Relationship banking; Credit associations; Japan.

Gravitational Collapse of Circularly Symmetric Stiff Fluid with Self-Similarity in 2+1 Gravity

Linear perturbations of homothetic self-similar stiff fluid solutions, $S[n]$, with circular symmetry in 2+1 gravity are studied. It is found that, except for those with $n = 1$ and $n = 3$, none of them is stable and all have more than one unstable mode. Hence, {\em none of these solutions can be critical}.Comment: latex file, 1 figure; last version to appear in Prog. Theor. Phy

Plane Gravitational Radiation from Neutrinos Source with Kalb-Ramond Coupling

In this work, we propose a model based on a non-minimal coupling of neutrinos to a Kalb-Ramond field. The latter is taken as a possible source for gravitational radiation. As an immediate illustration of this system, we have studied the case where gravitational (plane) wave solutions behave as damped harmonic oscillators.Comment: Presented at 7th Alexander Friedmann International Seminar on Gravitation and Cosmology, Joao Pessoa, Brazil, 29-05 Jul 200