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This paper compares Japan and the US as they provide different types of capital to the developing world, focusing … and on past conceptual differences and on an emerging convergence between these two major donors, with Japan having the …
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We use Japanese microdata to examine how financial market frictions affect foreign direct investment (FDI). The Japanese land price bubble and banking trouble in the late 1980s and early 1990s serve as a quasi natural experiment to identify two possible transmission channels from financial...
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