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THE JOURNAL OF ECONOMIC SCIENCES: THEORY AND PRACTICE, V.72, # 1, 2015, pp. 40-49
diminish the fears of banks to face insolvency to depositors and thus will make
banks more tend to lending.
Source: Bank of Japan
Figure 1. Nikkei index and the dynamics of land prices in Japan
Debt rigidity and banking problems in US and euro area countries
Debt rigidity problem is urgent for US and European countries too. As it can be seen
from figure 2 the share of securities in banking assets in US is 19%, in some euro
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