IS FINANCIAL REPRESSION REALLY BAD?
This paper examines the relationship between reserve requirements, interest rate taxes, and long-term growth. I present a model which shows that the government might repress the financial sector as this is the easy way of channelling resources to productive sectors. In this endogenous model, I emplo...
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| Format: | Article |
| Language: | English |
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Social Sciences Research Society
2011-01-01
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| Series: | International Journal of Economics and Finance Studies |
| Online Access: | http://www.sobiad.org/eJOURNALS/journal_IJEF/archieves/2011_1/08eun_young.pdf |