Institutions, competition, and capital market integration in Japan
by Kris James Mitchener
"Using a newly-constructed panel data set which includes annual estimates of lending rates for 47 Japanese prefectures, we analyze why interest rates converged over the period 1884-1925. We find evidence that technological innovations and institutional changes played an important role in creating a national capital market in Japan. In particular, the diffusion in the use of the telegraph, the growth in commercial branch banking networks, and the development of Bank of Japan's branches reduced interest-rate differentials. Bank regulation appears to have played little role in impeding financial market integration"--National Bureau of Economic Research web site.
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Institutions, competition, and capital market integration in Japan
2008, National Bureau of Economic Research
Electronic resource
in English
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Edition Notes
Title from PDF file as viewed on 7/14/2008.
Includes bibliographical references.
Also available in print.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.
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- Created September 27, 2008
- 5 revisions
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| December 22, 2020 | Edited by MARC Bot | import existing book |
| July 31, 2012 | Edited by VacuumBot | Updated format '[electronic resource] /' to 'Electronic resource' |
| December 15, 2009 | Edited by WorkBot | link works |
| October 28, 2008 | Edited by ImportBot | Found a matching Library of Congress MARC record |
| September 27, 2008 | Created by ImportBot | Imported from Library of Congress MARC record |