How do financial development and financial integration interact? We focus on Japan’s Great Recession after 1990 to … reference to prefectures’ different historical pathways to financial development. After Japan’s opening to trade in the 19th …, the main export hub for silk, provided silk reelers with trade loans. Many regional banks in Japan were founded as local …

) emissions. Focussing on Japan, the paper also examines whether firms' CO2 emissions are influenced by the emissions of …

How do financial development and financial integration interact? We focus on Japan’s Great Recession after 1990 to … reference to prefectures’ different historical pathways to financial development. After Japan’s opening to trade in the 19th …, the main export hub for silk, provided silk reelers with trade loans. Many regional banks in Japan were founded as local …

Regional differences in banking integration determined how Japan's Great Recession after 1990 spread across the country …. We explain these differences with the emergence of silk reeling as the main export industry after Japan's opening to …