Abstract

http://ssrn.com/abstract=1864806
 
 

References (4)



 
 

Citations (6)



 


 



Financial Repression Redux


Carmen M. Reinhart


Peter G. Peterson Institute for International Economics; National Bureau of Economic Research (NBER)

Jacob F. Kirkegaard


Peter G. Peterson Institute for International Economics

M. Belen Sbrancia


University of Maryland

June 2011

Finance and Development, pp. 22-26, June 2011

Abstract:     
Periods of high indebtedness have historically been associated with a rising incidence of default or restructuring of public and private debts. Sometimes the debt restructuring is subtle and takes the form of, “financial repression.” In the heavily regulated financial markets of the Bretton Woods system, a variety of restrictions facilitated a sharp and rapid reduction in public debt/GDP ratios from the late 1940s to the 1970s. In this paper, we summarize our findings for the post-World War II period for a selected group of countries and document the resurgence of financial repression in the wake of the 2007-2009 financial crises and the accompanying surge in public debts in advanced economies.

Number of Pages in PDF File: 3

Accepted Paper Series





Download This Paper

Date posted: June 15, 2011  

Suggested Citation

Reinhart, Carmen M. and Kirkegaard, Jacob F. and Sbrancia, M. Belen, Financial Repression Redux (June 2011). Finance and Development, pp. 22-26, June 2011. Available at SSRN: http://ssrn.com/abstract=1864806

Contact Information

Carmen M. Reinhart (Contact Author)
Peter G. Peterson Institute for International Economics ( email )
1750 Massachusetts Avenue, NW
Washington, DC 20036
United States
National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
Jacob F. Kirkegaard
Peter G. Peterson Institute for International Economics ( email )
1750 Massachusetts Avenue, NW
Washington, DC 20036-1903
United States
2024541375 (Phone)
2023285432 (Fax)
HOME PAGE: http://www.piie.com
M. Belen Sbrancia
University of Maryland ( email )
College Park, MD 20742
United States
Feedback to SSRN


Paper statistics
Abstract Views: 1,036
Downloads: 322
Download Rank: 53,276
References:  4
Citations:  6

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo4 in 0.391 seconds