Economic development and financial deepening
The case of Japan
Bibliographic Data
| ID | 12550184 |
|---|---|
| Authors | Kazuo Sato (0000-0002-8378-2970, Rutgers Sexual and Reproductive Health and Rights, corresponding author) |
| Year | 1997 |
| Volume | 2 |
| Issue | 1 |
| Pages | 1-27 |
| Publication date | 1997-01-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of the Asia Pacific Economy (JOURNAL) |
| Journal identifiers | ISSN: 1354-7860 • E-ISSN: 1469-9648 |
| Publisher | Routledge (PUBLISHER • GB) |
| DOI | 10.1080/13547869708724604 |
| OpenAlex | W2044123420 |
| Language | EN |
| Citations received | 1 |
| References cited | 5 |
It is a common wisdom in the development literature that economic development brings about financial deepening. But how far does it go? This paper examines Japan's experience over the last four decades, which shows clearly that financial deepening becomes even more pronounced after the economy matures. The paper also indicates salient features of Japan's financial system, i.e. the dominance by a few giant financial institutions. The end result is the tremendous bubble of the late 1980s. Japan has been recuperating from its ill‐effects for the last few years. The financial system is subject to inherent instability. The paper explains that various structural features of the Japanese economy are responsible for it
Business · Economic policy · Economic system · Economics · Financial deepening · Financial intermediary · Financial system · Global Financial Crisis and Policies · State Capitalism and Financial Governance · Finance
| Unique citing works | 1 |
|---|---|
| Citations per year | 0.11 |
| Citation span | 2017 - 2017 (1) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 1 |