Kawai, Masahiro; Morgan, Peter J. - East Asian Bureau of Economic Research (EABER) - 2013
management, and financial repression that keep interest rates low. Nonetheless, there are a number of reasons to believe that … dramatically, while tending to reduce economic dynamism. Third, financial repression is likely to diminish as financial markets … social protection spending, contingent liabilities, financial repression, and the exposure of the domestic banking sector to …