Interest Rate Liberalization and Capital Misallocations
نویسندگان
چکیده
منابع مشابه
Financial Repression and Interest Rate Liberalization in China
China has been experiencing financial repression for a long time. The main feature of this repression is a regulated interest rate system. This results in private firms’ low likelihood of getting money from the official banking system, and at the same time seeded the emergence of the shadow banks, which introduces uncontrollable risks into the Chinese economy. Also, other policy goals, such as ...
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ژورنال
عنوان ژورنال: American Economic Journal: Macroeconomics
سال: 2021
ISSN: 1945-7707,1945-7715
DOI: 10.1257/mac.20180045