Interest Rate Repression: A New Database

Pietro Calice, Federico Alfonso Diaz Kalan and Oliver Masetti

No 9457, Policy Research Working Paper Series from The World Bank

Abstract: Financial repression resurfaced in the wake of the global financial crisis and might become acommon feature in the post Covid-19 world. To advance knowledge and inform policy advice, this paper presents anew 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 astypes of controls, legal basis, intended objectives, methodologies, and enforcement rules. In an attempt toprovide a meaningful characterization of the data, the paper also provides a preliminarily estimate of the degree ofbindingness of the interest rate control regime in a country and presents simple correlations with other financialrepression policies.

Keywords: Banks & Banking Reform; Financial Sector Policy; Macroeconomic Management; Financial Structures (search for similar items in EconPapers)
Date: 2020-10-27
New Economics Papers: this item is included in nep-fdg
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:wbk:wbrwps:9457

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