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Publication

Politics, Bureaucracies, and Financial Markets: Bank Entry into Commercial Paper Underwriting in the United States and Japan

Macey, Jonathan
Litt, David
Miller, Geoffrey
Rubin, Edward
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Abstract
Americans writing about Japan seem to fall into two camps: those who think the Japanese act according to very different rules than Americans, so that the apparent similarities between the two peoples actually mask deep cultural differences; and those who think that the Japanese and the Americans are really rather similar, so that the obvious cultural differences cover more deep-rooted continuities.