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...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: Galbis, Vicente
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 1993.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 1993/007
Online Zugang:Full text available on IMF