Interest Rate Repression : A New Database
Financial repression resurfaced in the wake of the global financial crisis and might become a common feature in the post Covid-19 world. To advance knowledge and inform policy advice, this paper presents a new database on interest rate controls, a...
| Main Authors: | , , |
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| Format: | Working Paper |
| Language: | English |
| Published: |
World Bank, Washington, DC
2020
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/356371603819593643/Interest-Rate-Repression-A-New-Database http://hdl.handle.net/10986/34690 |
| Summary: | Financial repression resurfaced in the
wake of the global financial crisis and might become a
common feature in the post Covid-19 world. To advance
knowledge and inform policy advice, this paper presents a
new database on interest rate controls, a popular form of
financial repression, based on a survey of 108 countries,
representing 88 percent of global gross domestic product.
The data cover such aspects of interest rate controls as
types of controls, legal basis, intended objectives,
methodologies, and enforcement rules. In an attempt to
provide a meaningful characterization of the data, the paper
also provides a preliminarily estimate of the degree of
bindingness of the interest rate control regime in a country
and presents simple correlations with other financial
repression policies. |
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