Financial innovation and Consumption in the United Kingdom [electronic resource] / Tamim Bayoumi.
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TextSeries: IMF Working Papers; Working Paper ; No. 90/95Publication details: Washington, D.C. : International Monetary Fund, 1990Description: 1 online resource (26 p.)ISBN: 1451950276 :ISSN: 1018-5941Subject(s): Consumption Behavior | Disposable Income | Financial Deregulation | Financial Innovation | Real Interest Rate | United KingdomAdditional physical formats: Print Version:: Financial innovation and Consumption in the United KingdomOnline resources: IMF e-Library | IMF Book Store Abstract: 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.
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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.
Description based on print version record.
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