A structural analysis of the U.S. financial economy

Tsujimura Masako and Tsujimura Kazusuke

No 749, IDE Discussion Papers from Institute of Developing Economies, Japan External Trade Organization(JETRO)

Abstract: The Flow-of-Funds Accounts of the Unites States have been published on a quarterly basis since 1945 up to the present time. In this paper, we will construct ‘sector×sector’ Stone and Klein-formula asset-liability matrices fully exploiting the huge accumulation of data. It allows us to trace the changes in the roles of the institutional sectors over the years by application of useful input-output analytical tools, such as triangulation and dispersion indices. Although there is not too much change in the characteristics of non- financial sectors, the roles of financial institutions have been changing as the financial market develops and the deregulation advances.

Keywords: flow-of-funds accounts; asset-liability matrices; financial net worth; triangulation; dispersion indices; Finance (search for similar items in EconPapers)
JEL-codes: C67 E44 O11 (search for similar items in EconPapers)
Date: 2019-03
References: Add references at CitEc
Citations:

Published in IDE Discussion Paper = IDE Discussion Paper, No. 749. 2019-03

Downloads: (external link)
https://ir.ide.go.jp/record/50838/files/IDP000749_001.pdf First version, 2019 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:jet:dpaper:dpaper749

Ordering information: This working paper can be ordered from
Publication Office, IDE 3-2-2 Wakaba, Mihama-ku, Chiba-shi, Chiba 261-8545 JAPAN
http://www.ide.go.jp/English/Publish/Order

Access Statistics for this paper

More papers in IDE Discussion Papers from Institute of Developing Economies, Japan External Trade Organization(JETRO) Contact information at EDIRC.
Bibliographic data for series maintained by Michitaka Imamitsu ().