Financial Innovation and Consumption in the United Kingdom

26 Pages Posted: 15 Feb 2006

See all articles by Tamim Bayoumi

Tamim Bayoumi

International Monetary Fund (IMF); Centre for Economic Policy Research (CEPR)

Date Written: October 1990

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.

JEL Classification: 228, 921

Suggested Citation

Bayoumi, Tamim, Financial Innovation and Consumption in the United Kingdom (October 1990). IMF Working Paper, Vol. , pp. 1-26, 1990. Available at SSRN: https://ssrn.com/abstract=885072

Tamim Bayoumi (Contact Author)

International Monetary Fund (IMF) ( email )

700 19th Street NW
Washington, DC 20431
United States
202-623-6333 (Phone)
202-623-4795 (Fax)

Centre for Economic Policy Research (CEPR)

London
United Kingdom

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