Emancipating the Banking System and Developing Markets for Government Debt
AbstractThis paper concludes that, for any given government deficits, greater recourse ti inflationary finance, financial repression and excessive government borrowing from abroad are associated with higher inflation, lower saving ratios and lower growth rate.
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Bibliographic InfoPaper provided by University of Birmingham - International Financial Group in its series Papers with number 96-05.
Length: 21 pages
Date of creation: 1996
Date of revision:
Contact details of provider:
Postal: The University of Birmingham; International Financial Group, Birmingham B15 2T T, United Kingdom.
BUDGET DEFICITS; FINANCIAL POLICY; INFLATION;
Find related papers by JEL classification:
- E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
- O42 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Monetary Growth Models
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