Government Revenue from Financial Repression
AbstractThis paper presents an analysis of the theoretical underpinnings and the relevance of the phenomenon of financial repression from a public-finance perspective. The analysis explicitly accounts for the interaction between capital controls and financial repression. The proposed empirical estimate of the revenue from financial repression is based on the difference between the domestic and the foreign cost of borrowing of the government. The correlations of the revenue from financial repression with inflation, exchange rates and per-capita income are discussed.
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Bibliographic InfoPaper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 3604.
Date of creation: Jan 1991
Date of revision:
Publication status: published as American Economic Review, Vol. 83, no. 4 (1993): 953-963.
Note: PE ITI ME IFM
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