This is a substantial revision of the paper I submitted to the Financial Research Council. I am grateful to Hiroshi Fujiki, Shin-ichi Fukuda, Hideo Hayakawa, Nobuo Inaba, Kazumasa Iwata, Toshiki Jinushi, Keimei Kaizuka, Hiroshi Koyama, Ryuzo Miyao, Hiroshi Nakaso, Kunio Okina, Yoshinori Shimizu, Etsuro Shioji, Shigenori Shiratsuka, Hisashi Tanizaki, Juro Teranishi, Fukujyu Yamazaki, Jyunji Yano, Yukihiro Yasuda, the participants of the seminars at the Bank of Japan and Kobe University, and an anonymous referee for extremely valuable comments and suggestions on early version of the paper. Masayo Kani provided excellent research assistance. This research was partially supported by Grants-in-Aid for Scientific Research 12124207 and 16330038 of the Ministry of Education.
Why Commercial Banks Held Excess Reserves: The Japanese Experience of the Late 1990s
Article first published online: 18 JAN 2007
Journal of Money, Credit and Banking
Volume 39, Issue 1, pages 241–257, February 2007
How to Cite
OGAWA, K. (2007), Why Commercial Banks Held Excess Reserves: The Japanese Experience of the Late 1990s. Journal of Money, Credit and Banking, 39: 241–257. doi: 10.1111/j.0022-2879.2007.00011.x
- Issue published online: 18 JAN 2007
- Article first published online: 18 JAN 2007
- Received December 6, 2004; and accepted in revised form January 11, 2006.
Options for accessing this content:
- Login via other institutional login options http://onlinelibrary.wiley.com/login-options.
- You can purchase online access to this Article for a 24-hour period (price varies by title)
- New Users: Please register, then proceed to purchase the article.
Registered Users please login:
- Access your saved publications, articles and searches
- Manage your email alerts, orders and subscriptions
- Change your contact information, including your password
Please register to:
- Save publications, articles and searches
- Get email alerts
- Get all the benefits mentioned below!