High Real Interest Rates Under Financial Liberalization : Is there a Problem?

Is there a Problem?

High Real Interest Rates Under Financial Liberalization : Is there a Problem?
Concerns were raised beginning in the 1980s about the possible detrimental effects of high positive real interest rates under financial liberalization. Using a sample of 28 countries that underwent financial liberalization since the 1970s, the paper examines the evidence about the emergence of high real interest rates and discusses the possible... READ MORE...

Publication date: January 1993
ISBN 9781451842364
$15.00

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