Kawai, Masahiro; Morgan, Peter J. - East Asian Bureau of Economic Research (EABER) - 2013
social protection spending, contingent liabilities, financial repression, and the exposure of the domestic banking sector to … dramatically, while tending to reduce economic dynamism. Third, financial repression is likely to diminish as financial markets … sovereign debt. The second objective is to recommend policies to reduce these risks to sustainability, including improving the …