Publication: Interest Rate Repression: A New Database
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Date
2020-10
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Published
2020-10
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Abstract
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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“Calice, Pietro; Diaz Kalan, Federico; Masetti, Oliver. 2020. Interest Rate Repression: A New Database. Policy Research Working Paper;No. 9457. © World Bank. http://hdl.handle.net/10986/34690 License: CC BY 3.0 IGO.”
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