| Publisher | Federal Reserve Bank of San Francisco | ||
|---|---|---|---|
| Format | 495.2KB PDF | Date added | 06 Sep 2001 |
| Topics | Financial Management | ||
| Downloads | 5 | ||
In the fall of 1998, two important financial regulatory reform acts were passed in Japan. The first of these acts, the Financial Recovery Act, created a bridge bank scheme and provided funds for the resolution of failed banks. The second act, the Rapid Revitalization Act, provided funds for the assistance of troubled banks. While both of these acts provided some government assistance to the banking sector, they also called for reforms aimed at strengthening the regulatory environment. Using an event study framework, this paper examines the evidence in equity markets concerning the anticipated impact of the regulatory reforms.
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