Financial systems in developing countries tend to be "restricted" or "repressed" through burdensome reserve requirements, interest-rate ceilings, foreign-exchange regulations, rules about the composition of bank balance sheets, or heavy taxation of the financial sector. Why are governments drawn to regulate financial markets to the point of financial repression? To address this question, the authors explore preliminary evidence from the post-Communist...
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INFORMATION
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1998/12/31
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Document de travail de recherche sur les politiques
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WPS2030
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1
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1
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2010/07/01
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The political economy of financial repression in transition economies
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financial repression
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