Japanese Financial Innovation

Satoru Yoshida

Japanese Economy, 1987, vol. 15, issue 4, 67-96

Abstract: The American financial innovations occurred under the direct impetus of inflation and the accompanying high interest rates, but we should not ignore the existence of special characteristics of American financial institutions behind these innovations.

Date: 1987
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DOI: 10.2753/JES1097-203X150467

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