Mr. Yokotani will research bank behavior during financial crises and government attempts to salvage potentially profitable firms. He will apply his research to a study of the current economic crisis in Japan. The research will focus on the role played by the financial sector in causing the crisis, specifically on the problem of inefficient roll over and excessive withdrawal and the decreasing ability of banks to supply credit. Mr. Yokotani hopes his research will be of some relevance to finding a solution to the Japanese crisis. As a Fox Fellow, Mr. Yokotani looks forward to attending seminars and consulting with faculty in the Department of Economics.