This article examines some implications of the failure of three large Japanese banks in 1997 and 1998. The authors examine the response in the equity returns of surviving Japanese banks to the three failure announcements. In addition, they provide evidence on the clients of failed and surviving banks.Bank failures ; Banks and banking - Japan

Elijah Brewer, III

George G. Kaufman

Hesna Genay

English

Research Papers in Economics

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Banking relationships during financial distress: the evidence from Japan

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