WebMar 26, 2012 · Financial repression, teamed with a steady dose of inflation, cuts debt burdens from two directions: Low nominal interest rates reduce debt servicing costs. … WebOct 8, 2024 · As austerity policies are unpopular with voters and high debt levels are a drag on growth, several economists, most famously Carmen Reinhart and Kenneth Rogoff, have suggested that governments might have to consider an extra dose of financial repression as a way out of the low growth-high debt trap. I argue that the history of advanced …
Financial Repression Definition, Features, Consequences
WebFeb 28, 2024 · Reinhart and Sbrancia indicate that financial repression features: Caps or ceilings on interest rates Government ownership or control of domestic banks and financial institutions Creation or... def of rainforest
The Liquidation of Government Debt NBER
WebMar 27, 2024 · Carmen Reinhart: Financial repression. “These crises are really a form of domestic default that governments employ in countries where financial repression is a … WebCarmen M. Reinhart* University of Maryland and the NBER and Kenneth S. Rogoff Harvard University and the NBER Abstract There is a rich scholarly literature on sovereign default on external debt. Comparatively ... (except for the financial repression era between WWII and financial liberalization). Second, the data go a long way toward explaining ... WebSpecifically, it examines orthodox options (enhancing growth, fiscal consolidation, privatization, and wealth taxation) and heterodox options (inflation, financial repression, debt default and restructuring). The mix of feasible options depends on country characteristics and the type of debt. def of raised