markets in RMB, the Chinese authorities are essentially trapped into maintaining exchange controls—reinforced by financial … repression in domestic interest rates—to avoid an avalanche of foreign capital inflows that would threaten inflation and asset …

growth of the financial sector. This is followed by a similar discussion on financial repression and financial liberalisation …

surpluses for the different outcomes. The debt to GDP ratio fell very rapidly under financial repression following World War II …

, conservative fiscal management, and financial repression that keeps interest rates low. Nonetheless, there are a number of reasons …-age-related spending dramatically, while tending to reduce economic dynamism. Third, financial repression is likely to diminish as … protection spending, contingent liabilities, reduction of financial repression, and the exposure of the domestic banking sector …

markets in RMB, the Chinese authorities are essentially trapped into maintaining exchange controls-reinforced by financial … repression in domestic interest rates→to avoid an avalanche of foreign capital inflows that would threaten inflation and asset …