The political economy of the Japanese credit market : social norms versus financial globalisation

@inproceedings{Gotoh2017ThePE,
  title={The political economy of the Japanese credit market : social norms versus financial globalisation},
  author={Fumihito Gotoh},
  year={2017}
}
Since the 1970s, Anglo-Saxon financial hegemony has enhanced international capital mobility, promoting financial disintermediation in many countries. This thesis explores why disintermediation in Japan has stalled since the mid-2000s despite its financial deregulation during the 1980s and 1990s by examining an ideational conflict within Japanese elites between the market liberalisation and anti-free market camps, particularly between the American and Japanese credit rating agencies and between… CONTINUE READING

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