Citation

Discussion Paper Details

Please find the details for DP489 in an easy to copy and paste format below:

Full Details   |   Bibliographic Reference

Full Details

Title: Government Revenue from Financial Repression

Author(s): Alberto Giovannini

Publication Date: January 1991

Keyword(s): Capital Controls, Developing Countries, Financial Repression, International Capital Flows and Taxation

Programme Area(s): International Macroeconomics

Abstract: This paper analyses, from a public-finance perspective, the theoretical underpinnings and the empirical relevance of the phenomenon of financial repression. The analysis explicitly accounts for the interaction between capital controls and financial repression. The proposed empirical estimate of the revenue from financial repression is based on the difference between the domestic and the foreign cost of borrowing of the government. The correlations of the revenue from financial repression with inflation, exchange rates and per-capita income are discussed.

For full details and related downloads, please visit: https://cepr.org/active/publications/discussion_papers/dp.php?dpno=489

Bibliographic Reference

Giovannini, A. 1991. 'Government Revenue from Financial Repression'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=489