Theme: Financial Repression

Financial repression measures seen thus far are but the tip of a very large iceberg…

As coined by Ronald McKinnon (1973), the term “financial repression” describes various policies that allow governments to “capture” and “under-pay” domestic savers. Such policies include forced lending to governments by pension funds and other domestic financial institutions, interest-rate caps, capital controls, and many more.Read more

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Financial repression measures seen thus far are but the tip of a very large iceberg…