The Repression of Financial Markets

Ralph Sueppel

Chapter 4 in A Financial Crisis Manual, 2015, pp 58-80 from Palgrave Macmillan

Abstract: Abstract In the years after the great financial crisis gross government debt in the developed world reached a 200-year high watermark1 of around 107% of GDP by 2014, according to IMF estimates; up from 72.5% in 2007. It is expected to remain close to this level in coming years. Over and above the officially recorded debt stock, governments are facing high future and contingent liabilities, such as underfunded social security and health care liabilities and loan guarantees, as has been illustrated for the United States by Hamilton (2013).

Keywords: Monetary Policy; Euro Area; Credit Spread; Monetary Policy Shock; European Banking Authority (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-1-137-44830-9_5

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DOI: 10.1057/9781137448309_5

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