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Interest Rate Repression : A New Database

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  • Calice,Pietro
  • Diaz Kalan,Federico Alfonso
  • Masetti,Oliver

Abstract

Financial repression resurfaced in the wake of the global financial crisis and might become acommon feature in the post Covid-19 world. To advance knowledge and inform policy advice, this paper presents anew database on interest rate controls, a popular form of financial repression, based on a survey of 108 countries,representing 88 percent of global gross domestic product. The data cover such aspects of interest rate controls astypes of controls, legal basis, intended objectives, methodologies, and enforcement rules. In an attempt toprovide a meaningful characterization of the data, the paper also provides a preliminarily estimate of the degree ofbindingness of the interest rate control regime in a country and presents simple correlations with other financialrepression policies.

Suggested Citation

  • Calice,Pietro & Diaz Kalan,Federico Alfonso & Masetti,Oliver, 2020. "Interest Rate Repression : A New Database," Policy Research Working Paper Series 9457, The World Bank.
    • Handle: RePEc:wbk:wbrwps:9457
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    References listed on IDEAS

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    Cited by:

    1. Carmen M. Reinhart, 2022. "From Health Crisis to Financial Distress," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 70(1), pages 4-31, March.
    2. Walter Cuba & Eduardo Diaz, 2023. "Effect of caps on interest rates in Peru," IHEID Working Papers 02-2023, Economics Section, The Graduate Institute of International Studies.
    3. Carmen M. Reinhart & Franziska L. Ohnsorge & Kenneth S. Rogoff & M. Ayhan Kose, 2022. "The Aftermath of Debt Surges," Annual Review of Economics, Annual Reviews, vol. 14(1), pages 637-663, August.

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    Keywords

    Banks & Banking Reform; Financial Sector Policy; Macroeconomic Management; Financial Structures;
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