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

A Flow of Funds Perspective

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 investments were critical factors in all three... READ MORE...

Publication date: October 1993
ISBN 9781451849936
$15.00

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