Financial Repression — Ein neues Umfeld für die Finanzmärkte?

Guido Zimmermann and Florian Baier

Wirtschaftsdienst, 2012, vol. 92, issue 9, 599-604

Abstract: High levels of debt caused by the financial crisis are forcing countries to take measures to reduce debt. Financial repression is a debt reduction opportunity based on measures imposed on the financial markets by governments which manifests itself primarily in lower real interest rates. Financial repression is regarded as another characteristic of a “new normality” in the global economy with low potential growth rates and low interest rates, high levels of public debt as a result of the financial crisis. The article describes this phenomenon and attempts to evaluate its empirical relevance. Copyright ZBW and Springer-Verlag Berlin Heidelberg 2012

Keywords: E43; E52; E63 (search for similar items in EconPapers)
Date: 2012
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1007/s10273-012-1426-8 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:wirtsc:v:92:y:2012:i:9:p:599-604

Ordering information: This journal article can be ordered from
http://www.springer. ... policy/journal/10273

DOI: 10.1007/s10273-012-1426-8

Access Statistics for this article

Wirtschaftsdienst is currently edited by Christian Breuer

More articles in Wirtschaftsdienst from Springer, ZBW - Leibniz Information Centre for Economics Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().