Financial Repression — Ein neues Umfeld für die Finanzmärkte?
High levels of debt caused by the financial crisis are forcing countries to take measures to reduce debt. Financial repression is a debt reduction opportunity based on measures imposed on the financial markets by governments which manifests itself primarily in lower real interest rates. Financial repression is regarded as another characteristic of a “new normality” in the global economy with low potential growth rates and low interest rates, high levels of public debt as a result of the financial crisis. The article describes this phenomenon and attempts to evaluate its empirical relevance. Copyright ZBW and Springer-Verlag Berlin Heidelberg 2012
Volume (Year): 92 (2012)
Issue (Month): 9 (September)
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