The Japanese Main Bank System: Its Relevance for Developing and Transforming Economies

By Masahiko Aoki; Hugh Patrick | Go to book overview

on the courts. Although complicated contracts seldom come cheap, for transactions this large they should come cheaper than the rents a firm would need to pay a bank to make an agreement self-enforcing. Notwithstanding those potential savings, the firms do not draft such agreements. Perhaps the reason is simple. Perhaps they do not make them at all.


References

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-254-

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