Banking Behavior Under Constraints

Hidekazu Eguchi and Koichi Hamada

Japanese Economy, 1977, vol. 6, issue 2, 3-41

Abstract: The monetary system of each country has its own institutional characteristics. It may not be useful to apply literally to the monetary system of a country the monetary theory and the policy discussion developed in other countries. At the same time, it may also be inappropriate to deny the relevance of monetary theory developed abroad just because institutional details are different from abroad. The intrinsic economic rationale or logic itself can work even in a different institutional framework.

Date: 1977
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DOI: 10.2753/JES1097-203X06023

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