Innovation, Deregulation, and the Life Cycle of a Financial Service Industry /

This paper examines innovation, deregulation, and firm dynamics over the life cycle of the U.S. ATM and debit card industry. In doing so, we construct a dynamic equilibrium model to study how a major product innovation (introducing the new debit card function) interacted with banking deregulation dr...

Повний опис

Бібліографічні деталі
Автор: Hayashi, Fumiko
Інші автори: Li, Grace, Wang, Zhu
Формат: Журнал
Мова:English
Опубліковано: Washington, D.C. : International Monetary Fund, 2015.
Серія:IMF Working Papers; Working Paper ; No. 2015/192
Онлайн доступ:Full text available on IMF