The Liquidation of Government Debt /
High public debt often produces the drama of default and restructuring. But debt is also reduced through financial repression, a tax on bondholders and savers via negative or belowmarket real interest rates. After WWII, capital controls and regulatory restrictions created a captive audience for gove...
| Yazar: | |
|---|---|
| Diğer Yazarlar: | |
| Materyal Türü: | Dergi |
| Dil: | English |
| Baskı/Yayın Bilgisi: |
Washington, D.C. :
International Monetary Fund,
2015.
|
| Seri Bilgileri: | IMF Working Papers; Working Paper ;
No. 2015/007 |
| Online Erişim: | Full text available on IMF |