Topic
Financial repression
About: Financial repression is a research topic. Over the lifetime, 844 publications have been published within this topic receiving 30951 citations. The topic is also known as: Financial repression.
Papers published on a yearly basis
Papers
TL;DR: In this article, the role of the state in financial markets is examined and seven major market failures that provide a potential rationale for government intervention are identified, and a taxonomy of those interventions with respect to both the objectives they serve and the instruments they employ is provided.
Abstract: This paper reexamines the role of the state in financial markets and identifies seven major market failures that provide a potential rationale for government intervention. In practice, government interventions in capital markets, even in industrial countries, have been pervasive. The paper provides a taxonomy of those interventions with respect to both the objectives they serve and the instruments they employ. There is a role for the government in financial markets, but the success of government interventions has been mixed. It is important that interventions be well designed. The paper sets out principles for government regulatory interventions and applies them to prudential regulation. It then examines three other areas of intervention - directed credit, finanical repression, and competition policy - and identifies circumstances in which some amount of financial repression may actually be beneficial.
1,490 citations
TL;DR: Some unintended consequences of financial liberalization in Latin America are analyzed in this paper, where the stylized facts of Southern Cone experiments in financial liberization are presented, and alternative ways of organizing domestic capital markets under Latin American conditions are discussed, and an eclectic, reform mongering program is proposed.
1,368 citations
Book•
1 Feb 1988TL;DR: The second edition of Money, Interest, and Banking in Economic Development provides a comprehensive overview of the role of monetary and financial economics in developing countries as mentioned in this paper, which includes new chapters on finance in endogenous growth models, foreign direct investment and the accumulation of foreign debt, and fiscal activities of central banks in emerging countries.
Abstract: Combining theory, empirical evidence, institutional analysis, and policy evaluation, the second edition of Money, Interest, and Banking in Economic Development provides a comprehensive overview of the role of monetary and financial economics in developing countries. Maxwell Fry includes new chapters on finance in endogenous growth models, foreign direct investment and the accumulation of foreign debt, and fiscal activities of central banks in developing countries.
1,235 citations
TL;DR: In this article, the authors examined whether financial development leads to economic growth or vice versa in the small open economy of Malaysia using time series data from 1960 to 2001, and conduct cointegration and causality tests to assess the finance-growth link by taking the real interest rate and financial repression into account.
877 citations
TL;DR: In this article, the authors present a theoretical and empirical analysis of the relation between policies of financial repression and long-term growth, and they show that these policies reduce the growth rate of the economy.
722 citations
Related Topics (5)
Performance Metrics
| Year | Papers |
|---|---|
| 2025 | 2 |
| 2024 | 13 |
| 2023 | 10 |
| 2022 | 8 |
| 2021 | 14 |
| 2020 | 21 |