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...

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Bibliografische gegevens
Hoofdauteur: Hayashi, Fumiko
Andere auteurs: Li, Grace, Wang, Zhu
Formaat: Tijdschrift
Taal:English
Gepubliceerd in: Washington, D.C. : International Monetary Fund, 2015.
Reeks:IMF Working Papers; Working Paper ; No. 2015/192
Online toegang:Full text available on IMF