Financial innovation and Consumption in the United Kingdom

Author/Editor:

Tamim Bayoumi

Publication Date:

October 1, 1990

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

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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