Asset Price Inflation in the 1980's : A Flow of Funds Perspective /

This paper examines how and why financial resources were channeled almost exclusively to specific asset markets in Japan, the United Kingdom, and the United States in the late 1980s. A decline in demand for funds by traditional borrowers, and a shift by savers from banks toward indirect securities i...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: Schinasi, Garry
Weitere Verfasser: Hargraves, Monica, Weisbrod, Steven
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 1993.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 1993/077
Online Zugang:Full text available on IMF