@article{oai:stars.repo.nii.ac.jp:00009281,
 author = {望月, 和彦 and MOCHIZUKI, Kazuhiko},
 issue = {3},
 journal = {桃山学院大学経済経営論集, ST.ANDREW'S UNIVERSITY ECONOMIC AND BUSINESS REVIEW},
 month = {Jan},
 note = {At the crises of the stock and commodity martkets, the media disputed
about the economic policies. Among them some denied the economy went
to despression.
On the other hand, stockdealers tried to establish a company which
bought the unsold stocks through the money lended by central bank. As
the stock prices recovered, this plan was no more necessary. And at the
end of July, clearing the future deals was completed without futher
borrowing from the BOJ.
As the policy to remedy the economy, the BOJ made a scheme of
increasing lending of Nihon Kogyo Ginko (the Industrial Bank of Japan) to
commercial banks through mortgage of immobility. The BOJ supplied the
liquidities to troubled industry but re-collected them quickly, so it has
temporary effects.
The lending of the BOJ and money supply decreased at the same time
by the collecting loans and trade deficits. As with the panic calminated, the
financial market was eased. The call rates were lowered.
In July the economy passed through the panic phase. But economic
stagnation continued for twelve years until Takahashi took pre-Keynesian
policies in 1932.},
 pages = {37--82},
 title = {政府の救済策と市場動揺の収束（Ⅲ）},
 volume = {62},
 year = {2021},
 yomi = {モチヅキ, カズヒコ}
}