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Institutions economiques et integration des marches internationaux de capitaux : le cas du Japon pendant l’ere Meiji

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  • Nathan Sussman
  • Yishay Yafeh

Abstract

On constate aujourd'hui, et cela etait sans doute encore plus vrai dans le passe, que l'integration aux marches internationaux de capitaux et la capacite d'emprunt sont des determinants fondamentaux du developpement economique. L'adoption d'institutions et de politiques economiques modernes par les pays en developpement est souvent percue comme une condition necessaire a leur acces aux capitaux etrangers. Dans cet article, nous cherchons a determiner quelles reformes et quels changements institutionnels ont permis au Japon de l'ere Meiji (1868-1912) d'acceder au marche obligataire londonien.

Suggested Citation

  • Nathan Sussman & Yishay Yafeh, 1999. "Institutions economiques et integration des marches internationaux de capitaux : le cas du Japon pendant l’ere Meiji," Economie Internationale, CEPII research center, issue 78, pages 85-104.
  • Handle: RePEc:cii:cepiei:1999-2tc
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    File URL: http://www.cepii.fr/IE/ei.asp?issue=78
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    More about this item

    JEL classification:

    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • N20 - Economic History - - Financial Markets and Institutions - - - General, International, or Comparative
    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems

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