Search Results - subject:"Financial Repression"

Kuwait; Selected Issues and Statistical Appendix

International Monetary Fund (IMF); International … - 2005

This Selected Issues paper on Kuwait reviews its economic development strategy and uses a variety of analytical methods to highlight Kuwaitâ€™s policy challenges and their effectiveness. Kuwait has accumulated large fiscal surpluses, enabling it to build up a sizable asset position for...

Persistent link: https://www.econbiz.de/10005252702

Financial Development, Financial Fragility, and Growth

Loayza, Norman; Ranciere, Romain - International Monetary Fund (IMF) - 2005

This paper studies the apparent contradictions between two strands of the literature on the effects of financial intermediation on economic activity. On the one hand, the empirical growth literature finds a positive effect of financial depth as measured by, for instance, private domestic credit...

Persistent link: https://www.econbiz.de/10005263861

An Anatomy of Corporate Bond Markets; Growing Pains and Knowledge Gains

Luengnaruemitchai, Pipat; Ong, Li L. - International Monetary Fund (IMF) - 2005

The objective of this paper is to discuss the key issues relating to the development of local corporate bond markets. We examine the requirements for local corporate bond market development, and compare and contrast experiences across both mature and emerging markets. We suggest that core...

Persistent link: https://www.econbiz.de/10005264116

Financial Reform; What Shakes It? What Shapes It?

Mody, Ashoka; Abiad, Abdul - International Monetary Fund (IMF) - 2005

Financial sector liberalization was high on the agenda of policymakers during the last quarter of the twentieth century. But there were significant differences in the pace and scale of reform. This pamphlet examines the factors triggering-or impeding and even reversing-financial reform in 35...

Persistent link: https://www.econbiz.de/10011242449

The Future of the System of Directed Lending (in Russian)

Kruk, Dzmitry - Belarusian Economic Research and Outreach Center - 2012

This paper deals with directed lending in Belarus and aims at selecting the best option for reforming it. The study visualizes main specific features of directed lending in Belarus and the channels of its impact on economic growth. Directed lending causes allocative inefficiency, lower capital...

Persistent link: https://www.econbiz.de/10010722024

Bye, bye financial repression, hello financial deepening: The anatomy of a financial boom

Mello, João Manoel P. De; Garcia, Márcio G.P. - In: The Quarterly Review of Economics and Finance 52 (2012) 2, pp. 135-153

Since the conquest of hyperinflation, with the Real Plan, in 1994, the Brazilian financial system has grown from early infancy to late adolescence. We describe the process of maturing with emphasis on the defining features of the Brazilian financial system over the last 20 years: (1)...

Persistent link: https://www.econbiz.de/10011040181

Financial Repression and Structural Imbalances

Johansson, Anders C.; Wang, Xun - Institut for Miljø og Erhvervsøkonomi, Syddansk … - 2012

This paper analyzes the relationship between financial repression and structural change. We present a simple … theoretical model of structural transformation in which the impact of financial repression on unbalanced growth is studied. The … repression having a significant negative effect on structural transformation. In countries with higher levels of financial …

Persistent link: https://www.econbiz.de/10011124097

The ECB as Lender of Last Resort for Sovereigns in the Euro Area

Buiter, Willem H.; Rahbari, Ebrahim - C.E.P.R. Discussion Papers - 2012

purchase periphery sovereign debt in the primary issue markets. The other half has been financial repression requiring banks in …

Persistent link: https://www.econbiz.de/10011083551

The Return of Financial Repression

Reinhart, Carmen M. - C.E.P.R. Discussion Papers - 2012

public and private debts. Sometimes the debt restructuring is more subtle and takes the form of 'financial repression … more compelling to policymakers. The resurgence of financial repression in the wake of the 2007-2009 financial crises …

Persistent link: https://www.econbiz.de/10011083679

A Series of Unfortunate Events: Common Sequencing Patterns in Financial Crises

Reinhart, Carmen M. - C.E.P.R. Discussion Papers - 2012

We document that the global scope and depth of the crisis the began with the collapse of the subprime mortgage market in the summer of 2007 is unprecedented in the post World War II era and, as such, the most relevant comparison benchmark is the Great Depression (or the Great Contraction, as...

Persistent link: https://www.econbiz.de/10011083815