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This paper analyzes how Japan financed its World War II occupation of Southeast Asia, the transfer of resources to … inflation ,hyperinflation hardly occurred because of a sustained transactions demand for money, because of Japan’s strong … Japan, and the monetary and inflation consequences of Japanese policies. In Malaya, Burma, Indonesia and the Philippines …
Persistent link: https://www.econbiz.de/10010692430
This paper analyzes how Japan financed its World War II occupation of Southeast Asia, the transfer of resources to … Japan, and the monetary and inflation consequences of Japanese policies. In Malaya, Burma, Indonesia and the Philippines … inflation, hyperinflation hardly occurred because of a sustained transactions demand for money, because of Japan’s strong …
Persistent link: https://www.econbiz.de/10011133056
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 …
Persistent link: https://www.econbiz.de/10010607005
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 …
Persistent link: https://www.econbiz.de/10010603547
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 …
Persistent link: https://www.econbiz.de/10011186035
Persistent link: https://www.econbiz.de/10010884600
A recent wave of economic research has studied the transformation of China from a poor country in the 1970s to a middle-income economy today. Based on this literature, we discuss the factors driving China’s development process. We provide a historical account of China’s rise, fall, and...
Persistent link: https://www.econbiz.de/10010886217
This paper argues that China's size was one reason behind its relative decline in the nineteenth century. A ruler governing a large country faces severe agency problems. Given his monitoring difficulties, his agents have strong incentives to extort the taxpayers. This forces him to keep taxes...
Persistent link: https://www.econbiz.de/10010939561
China's long-term economic dynamics pose a formidable challenge to economic historians. The Qing Empire (1644-1911), the world's largest national economy before 1800, experienced a tripling of population during the seventeenth and eighteenth centuries with no signs of diminishing per capita...
Persistent link: https://www.econbiz.de/10010751920
Persistent link: https://www.econbiz.de/10010745424