Financial innovation and Consumption in the United Kingdom
Summary:
The last decade has seen widespread deregulation of domestic financial markets in the United Kingdom. This paper uses regional household data to investigate the connection between consumption and financial innovation. It is concluded that deregulation has led to a significant increase in the forward looking nature of consumption.
Series:
Working Paper No. 1990/095
Subject:
Asset and liability management Consumption Disposable income Financial services Income Liquidity National accounts Real interest rates
English
Publication Date:
October 1, 1990
ISBN/ISSN:
9781451950274/1018-5941
Stock No:
WPIEA0951990
Pages:
26
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