Journal article
Financial repression and economic development
Economic review (Atlanta, Ga.), Vol.79(5), pp.1-11
09/01/1994
Abstract
With the emergence of Latin American economies and the opening up of formerly communist countries in Central and Eastern Europe, interest in the concept of financial repression has revived. In particular, the interplay of legal restrictions on financial intermediaries with the development of informal or parallel unregulated markets has received increased attention. A study highlights the importance of this interplay and describes the institutional setting in which financial repression can actually be optimal for economies in general and for developing countries in particular. According to the analysis, a key determinant of whether some amount of financial repression will prove superior to a strategy of pure financial market liberalization is the size and recurrent nature of government budget deficits and the availability of alternative financing means.
Details
- Title: Subtitle
- Financial repression and economic development
- Creators
- Marco EspinosaWilliam Hunter
- Resource Type
- Journal article
- Publication Details
- Economic review (Atlanta, Ga.), Vol.79(5), pp.1-11
- ISSN
- 0732-1813
- eISSN
- 2163-3258
- Publisher
- Federal Reserve Bank of Atlanta
- Language
- English
- Date published
- 09/01/1994
- Academic Unit
- Finance
- Record Identifier
- 9984963133402771
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