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Investment and Banking: Some International Comparisons

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  • Sussman, Oren

Abstract

The purpose of this paper is to describe some central facts related to the relation between financial structure, banking, and investment-across countries. The main conclusions are in line with the previous studies: that banks play a central role in financing investment, and that Japanese banks are much more effective than American ones. It differs from previous analysis in that it takes a more structural view of the investment/banking relation, and puts more emphasis on the short run. The result is-I hope-that these points can be made with more confidence. Copyright 1994 by Oxford University Press.

Suggested Citation

  • Sussman, Oren, 1994. "Investment and Banking: Some International Comparisons," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 10(4), pages 79-93, Winter.
    • Handle: RePEc:oup:oxford:v:10:y:1994:i:4:p:79-93
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    Cited by:

    1. Kenichiro Suzuki & David Cobham, 2005. "Recent trends in the sources of finance for Japanese firms: has Japan become a 'high internal finance' country?," Discussion Paper Series, School of Economics and Finance 200501, School of Economics and Finance, University of St Andrews.

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