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The Rise and Fall of Securitization in Medieval Japan

The Rise and Fall of Securitization in Medieval Japan

Prospective synopsis:

 At the end of 15th century in medieval Japan, there was a massive securitization of debt. Not only checks but also gift certificates were issued in a qualitatively large scale.  It was very visible among upper class in Kyoto, the capital of Japan. But, around the beginnings of 16th century, the securitization stopped all of a sudden. Historians claimed that it was because the Onin war (1467-1477) in Kyoto changed the location of warlords, and subsequently the modalities of domestic trade. This paper proves the point by way of a tiny game-theoretic model. Centralization plays a significant role in the rise of securitization. 

Contents:

Section 1: The people of Kyoto regards as the war not the Pacific War (1941-45) but the Onin War (1467–1477).

Section 2: The Securitization: Domestic Trade and Domestic Affairs.

Section 3: A Model of Securitization.

Section 4: The Aftermath: The Rise of Osaka in 17th Century.

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