NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Impacts of the Basle Capital Standard on Japanese Banks' Behavior

Takatoshi Ito, Yuri Nagatake Sasaki

NBER Working Paper No. 6730
Issued in September 1998
NBER Program(s):   IFM   ME

This paper examines how the risk based capital standards, the so-called Basle Accord between 1990 and 1993. As the Japanese stock prices fell, banks' latent capital gains, which are part of tier II capital, became smaller. Empirical findings are consistent with a view that banks with lower capital ratios tended to issue more subordinated debts (tier II) and to reduce lending (risk assets).

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Document Object Identifier (DOI): 10.3386/w6730

Published: Ito, Takatoshi and Yuri Nagataki Sasaki. "Impacts Of The Basle Capital Standard On Japanese Banks' Behavior," Journal of the Japanese and International Economies, 2002, v16(3,Sep), 372-397. citation courtesy of

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