Download or read book The Political Economy of Financial Repression in Transition Economies written by Desai and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Political Economy of Financial Repression in Transition Economies written by Cevdet Denizer and published by . This book was released on 1998 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Financial Repression is Knocking at the Door Again written by Mr.Etibar Jafarov and published by International Monetary Fund. This book was released on 2019-09-30 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial repression (legal restrictions on interest rates, credit allocation, capital movements, and other financial operations) was widely used in the past but was largely abandoned in the liberalization wave of the 1990s, as widespread support for interventionist policies gave way to a renewed conception of government as an impartial referee. Financial repression has come back on the agenda with the surge in public debt in the wake of the Global Financial Crisis, and some countries have reintroduced administrative ceilings on interest rates. By distorting market incentives and signals, financial repression induces losses from inefficiency and rent-seeking that are not easily quantified. This study attempts to assess some of these losses by estimating the impact of financial repression on growth using an updated index of interest rate controls covering 90 countries over 45 years. The results suggest that financial repression poses a significant drag on growth, which could amount to 0.4-0.7 percentage points.
Download or read book Neo Transitional Economics written by Yusaf H. Akbar and published by Emerald Group Publishing. This book was released on 2015-03-11 with total page 396 pages. Available in PDF, EPUB and Kindle. Book excerpt: Neo-transitional economics is a policy-oriented collection of contemporary theoretical and empirical research studies on transition countries in the post-crisis paradigm. Topics covered range from monetary and financial economics to international trade and formation of a welfare state.
Download or read book Crisis Stabilization and Growth written by Patrick J. Conway and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 366 pages. Available in PDF, EPUB and Kindle. Book excerpt: List of Figures. List of Tables. List of Symbols. List of Country Acronyms. Foreword and Acknowledgements. I. The Transition Economies. II. Saving, by Plan and in the Market. III. Considering the Competing Explanations of Transition in Inflation and Economic Growth. IV. The Inflationary Explosion Following Price Liberalization. V. The Crisis Years. VI. Directed Credits and Financial Repression in Belarus. VII. Stabilization in Transition Economies. VIII. Ukraine in the Stabilization Phase. IX. Georgia: from Crisis to Stabilization .. and Then? X. The Fallout of the Russian Financial C.
Download or read book Transition and Economics written by Gérard Roland and published by MIT Press. This book was released on 2000 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt: The transition from socialism to capitalism in former socialist economies has transformed the economic structure. This book provides an overview of research on the issues raised by the shift from collective to private ownership.
Download or read book The Political Economy of Transition written by Norbert Wunner and published by Springer-Verlag. This book was released on 2013-04-17 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: Norbert Wunner presents an analysis of the main factors which have contributed to the slow and painful structural adjustment process and to the delay of economic reforms in transition countries from a political economy perspective.
Download or read book Reforging the Weakest Link written by Neil Robinson and published by Routledge. This book was released on 2019-06-04 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published in 2004. The collapse of the USSR and the emergence of 15 new states from its ashes presents another challenge to the global economy: how to reintegrate the post-Soviet space into the international economy. The spread of liberal market ideology and integration of national economic spaces into a global marketplace faces unique difficulties in the former USSR. This insightful volume explains these challenges, showing how Soviet legacies have worked against a smooth re-entry of Russia, Ukraine and Belarus into the global economy. It also demonstrates how and why global economic forces have had very uneven effects in the area, how the area differs from other parts of the post-communist world where reintegration has proceeded more smoothly, and what the future prospects and political implications are for the region in the global economy.
Download or read book Economies in Transition written by G. Roland and published by Springer. This book was released on 2011-12-13 with total page 465 pages. Available in PDF, EPUB and Kindle. Book excerpt: The twentieth anniversary of the fall of the Berlin Wall saw many reflect on the political, economic and social changes of recent years. The legacy of communism and the economic prospects of post-communist countries are rigorously analysed in this stimulating study of the long term consequences of transition.
Download or read book The Liquidation of Government Debt written by Ms.Carmen Reinhart and published by International Monetary Fund. This book was released on 2015-01-21 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: High public debt often produces the drama of default and restructuring. But debt is also reduced through financial repression, a tax on bondholders and savers via negative or belowmarket real interest rates. After WWII, capital controls and regulatory restrictions created a captive audience for government debt, limiting tax-base erosion. Financial repression is most successful in liquidating debt when accompanied by inflation. For the advanced economies, real interest rates were negative 1⁄2 of the time during 1945–1980. Average annual interest expense savings for a 12—country sample range from about 1 to 5 percent of GDP for the full 1945–1980 period. We suggest that, once again, financial repression may be part of the toolkit deployed to cope with the most recent surge in public debt in advanced economies.
Download or read book The Political Economy of Reform Failure written by Mats Lundahl and published by Routledge. This book was released on 2007-04-11 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economists have moved in recent years beyond analyzing the manner in which the macroeconomies of different countries function and prescribing appropriate policies for dealing with domestic and external imbalances. Increasingly, they have sought to understand the complex interaction between political and economic phenomena. This book considers issues of economic reform in a broad range of settings: * developed countries * transition countries * developing countries Using country specific cases such as Uzbekistan, Burma and Haiti, it focuses on those territories which have encountered problems reforming, allowing the reader to gain an accurate understanding of the factors that inhibit the success of economic reform, the different context in which economic reform is attempted, and the different challenges that individual countries face. An international team of contributors including Bo Södersten, Deepak Lal and Ron Findlay have been brought together to analyze these topical issues, making this an informative and thought-provoking book, of interest to those involved in the field of development studies.
Download or read book The Political Economy of Public Finance written by Marc Buggeln and published by Cambridge University Press. This book was released on 2017-02-23 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: A study of major trends in public finance and fiscal justice in developed capitalist countries since the 1970s.
Download or read book Alternative Political Economy Models of Transition written by Marangos and published by Transaction Publishers. This book was released on with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Fragile Coalitions written by Joan M. Nelson and published by Transaction Publishers. This book was released on 1989-01-01 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Economic reform by Third World governments is usually portrayed as the product of outside pressure, especially from the International Monetary Fund (IMF) and World Bank. This welcome collection provides an important counter-perspective by putting domestic politics at center stage. Miles Kahler demonstrates that international institutions only rarely play an important role."--Orbis' "Joan Nelson and her collaborators have performed a valuable service for those concerned about the politics of reform by bringing together a series of informed and insightful essays that address clearly and concisely the difficult political dilemmas of economic adjustment."--Merilee S. Grindle,Economic Development and Cultural Change
Download or read book In Political Economy What Drives Financial Repression and Financial Liberalization written by Ryan Nazareth and published by . This book was released on 2014 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: With full appreciation of the complexity involved in creating the dynamic policy for economic growth, this essay will narrow its focus to the specific debate between liberalisation and repression in the macroeconomic financial policy context, and its relationship to industrial growth. It will first elaborate on the primacy of the growth of industry in the economic development trajectory of a country and its relationship to the supply of credit. It will then focus on the motivations behind selecting repressive or liberalized financial policies. Finally, using the case of India to illustrate the complexity of this decision within political economy, exemplify the relationship between the policies selected to facilitate the domestic economy and their relationship to the global economic cycles.
Download or read book How to Manage a Repressed Economy written by Ronald I. McKinnon and published by . This book was released on 1981 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Order of Economic Liberalization written by Ronald I. Mckinnon and published by JHU Press. This book was released on 1993-10 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: Can knowledge of financial policies in developing countries over four decades help the socialist economies of Asia and Eastern Europe become open market economies in the 1990s? In all these countries the loss of fiscal and monetary control has often resulted in high inflation that undermines the liberalization process itself. In the second edition of The Order of Economic Liberalization, Ronald McKinnon builds on his influential work on the liberalization of financial markets in less developed countries and outlines the progression necessary to move from a "repressed" to an open economy. New to this edition are chapters that contrast the gradual Chinese approach to liberalizing domestic and foreign trade with the "big bang" approach followed by some Eastern European countries and republics of the former Soviet Union. Financial control and macroeconomic stability, McKinnon argues, are more critical to a successful transition than is any crash program to privatize state-owned industrial assets and the banking system.
