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Credit Subsidies, Financial Repression, and the High Inflation/Low Income Trap

M. Samson

Center for Development Economics from Department of Economics, Williams College

Abstract: The paper analyzes the problems of inflation finance in economies in transition from plan to market, when there are complications due to the use of money creation to finance credit to productive enterprises.

Keywords: INFLATION; DEVELOPING COUNTRIES; FINANCIAL MARKET (search for similar items in EconPapers)
JEL-codes: E31 G10 G20 (search for similar items in EconPapers)
Pages: 28 pages
Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:wil:wilcde:155

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