Emancipating the Banking System and Developing Markets for Government Debt

M.J. Fry

Working Papers from University of Birmingham - International Financial Group

Abstract: This paper concludes that, for any given government deficits, greater recourse ti inflationary finance, financial repression and excessive government borrowing from abroad are associated with higher inflation, lower saving ratios and lower growth rate.

Keywords: BUDGET DEFICITS; FINANCIAL POLICY; INFLATION (search for similar items in EconPapers)
JEL-codes: E62 O42 (search for similar items in EconPapers)
Pages: 21 pages
Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:fth:birmif:96-05

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