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...

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Detalhes bibliográficos
Autor principal: Schinasi, Garry
Outros Autores: Hargraves, Monica, Weisbrod, Steven
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 1993.
coleção:IMF Working Papers; Working Paper ; No. 1993/077
Acesso em linha:Full text available on IMF