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Japan by eveell is a document available to read on EtoBox.

What is Japan about?

This paper constructs quarterly estimates of lending rates for 47 Japanese prefectures from 1886 to 1922 to analyze the integration of regional capital markets in Japan. The findings suggest that the Japanese capital market was efficient, with interest rate differentials not following a random walk, and reveal four long-run cointegrating relationships indicating varying degrees of integration. Additionally, shocks from financial centers like Kanto had lasting but minor effects on outlying regions

Author

eveell

Language

EN