Demetriades, Panicos O.; Luintel, Kul B. - In: The Review of Economics and Statistics 79 (1997) 2, pp. 311-320
This paprovides evidence that suggests that financial repression has substantial direct effects on financial development, independently of its well-known influence through the level of the real interest rate. It also demonstrates that the process of economic growth is not weakly exogenous with...