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1 edition of political economy of financial repression in transition economies found in the catalog.

political economy of financial repression in transition economies

Cevdet Denizer

political economy of financial repression in transition economies

by Cevdet Denizer

  • 206 Want to read
  • 25 Currently reading

Published by World Bank in Washington, DC .
Written in English

    Places:
  • Europe, Eastern.,
  • Former Soviet republics.
    • Subjects:
    • Financial institutions -- Law and legislation -- Europe, Eastern.,
    • Financial institutions -- Law and legislation -- Former Soviet republics.

    • Edition Notes

      StatementCevdet Denizer, Raj M. Desai, Nikolay Gueorguiev.
      SeriesPolicy research working paper ;, 2030, Policy research working papers ;, 2030.
      ContributionsDesai, Raj M., 1966-, Gueorguiev, Nikolay
      Classifications
      LC ClassificationsHG3881.5.W57 P63 no. 2030
      The Physical Object
      Pagination33 p. ;
      Number of Pages33
      ID Numbers
      Open LibraryOL96822M
      LC Control Number99209313

      This survey reviews the literature on the political economy of financial structure, broadly defined to include the size of capital markets and banking systems as well as the distribution of access. As Pettis notes, such policies undermine “the most productive part of the Chinese economy” and reinforces the logic of financial repression because “allocating debt-servicing costs, either directly or indirectly, to specific sectors within the economy” is just a new form of an old habit, and it puts at the risk the transition to.

      The Theory of the Political Economy of Transition Reforms Two broad strands can be identified in the literature on the political economy of reforms: normative and positive. The normative political economy of reforms focuses on the decision-making problem of reformers (not necessarily welfare -maximizing ones) subject to political constraints. 18 Bulgaria and political economy of transition Rumen Dobrinsky 19 Interpreting China's economic growth and predicting its future course Wing Thye Woo 20 Towards a new growth model in Eastern Europe Paul Marer PART VI - Firms 21 Entrepreneurship in the transition economies of Central and Eastern Europe Saul Estrin and Tomasz.

      JRnancial Repression and Economic Development Marco Espinosa and William C. Hunter Espinosa is an economist in the macropolicy section of the Atlanta Fed's research depart-ment. Hunter is a vice presi-dent in charge of the financial team and basic research. The authors thank Mary Rosen-baum and Frank King for helpful Size: 8MB.   Picked up this book when I prepared to write an article for Caixin in memory of professor MicKinnon, who has just passed away one month ago. I soon found it inspiring and addressing some highly important questions in international finance field, namely the appropriate sequence of reforms that transitioning economies should follow in economic liberalization.5/5.


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Political economy of financial repression in transition economies by Cevdet Denizer Download PDF EPUB FB2

In other words, financial repression in transition economies may simply serve to solidify main-bank, main-firm relations. These results would lend support to the claim of smaller, cash-starved Eastern European entrepreneurs that the commercial banks have taken over the role of the old planning ministries.

Political economy of financial repression in transition economies. Washington, DC: International Finance Corp., Central Asia, Middle East, and North Africa Dept. In other words, financial repression in transition economies may simply serve to solidify main-bank, main-firm relations.

These results would lend support to the claim of smaller, cash-starved Eastern European entrepreneurs that the commercial banks have"taken over the role of the old planning ministries.".

The discussion is organized as follows. Section II defines financial repression, its historical debates and rationales. Section III examines the role of financial repression in the unique case of transition economies.

The fourth section presents the empirical results of our estimations of. The political economy of financial repression in transition economies (English) Abstract. Financial systems in developing countries tend to be "restricted" or "repressed" through burdensome reserve requirements, interest-rate ceilings, foreign-exchange regulations, rules about the composition of bank balance sheets, or heavy taxation of the Cited by: Political economy of financial repression in transition economies.

Washington, DC: International Finance Corp., Central Asia, Middle East, and North Africa Dept. and World Bank, Private Sector Development Dept., [] (DLC) (OCoLC) Material Type.

An analysis of the challenges facing Russia's economy ten years after the transition, based on recent research and data. Can Russia's recent burst of economic growth be sustained. Taking a comprehensive look at the economic and political regime shift from Yeltsin to Putin, this book explores the key challenges facing the Russian economy: to narrow the productivity gap between Russian and.

The Political Economy of Transition Ge´rard Roland P olitical economy arguments have been at the heart of debates and contro-versies on strategies of transition from socialism to capitalism.

For example, advocates of a “big bang” approach to transition have argued for a fast and comprehensive implementation of all major reforms. Michael Woodford’s paper “Financial Intermediation and Macroeconomic Analysis”, improves his theory that was articulated in this book, Interest Prices ().

He based this on the data and experiences from the financial crisis and changing ideas in. Downloadable. This study looks at the signs of financial repression in a transition economy, by evaluating to what extent "perverse financial innovations" resulting from soft budget constraints interfere with monetary developments at the aggregate macroeconomic level.

Specifically, the paper investigates to what extent inter-enterprise arrears could act as substitute for transaction money and. Financial repression refers to a set of governmental policies that keep real interest rates low or negative and regulate or manipulate a captive audience into investing in government debt.

This results in cheap funding and will be a prime tool used by governments in highly indebted developed market economies to. This paper reviews the literature on the political economy of financial development which suggests that relevant policies are shaped, in large measure, by the interplay between the governments and interest groups that benefit from or lose rent on account of financial by: 1.

The political economy of the ‘just transition’ PETER NEWELL* AND DUSTIN MULVANEY† *Department of International Relations, School of Global Studies, University of Sussex, Brighton BN1 9SN E-mail: @ †San Jose State University, 1 Washington Square, San Jose, CAUSA E-mail: [email protected] Not to be confused with economic repression, a type of political repression.

Financial repression comprises "policies that result in savers earning returns below the rate of inflation" in order to allow banks to "provide cheap loans to companies and governments, reducing the burden of repayments".

It can be particularly effective at liquidating government debt denominated in domestic currency. The Handbook of the Political Economy of Financial Crises Edited by Martin H.

Wolfson and Gerald A. Epstein. A stellar list of top, well-known scholars, clear experts in their fields; Chapters are easily comprehensible by undergraduates, but also rich and sophisticated enough to be of use to graduate students, professors and policy makers.

This paper explores the political economy of the ‘just transition’ to a low carbon economy. The idea of a ‘just transition’ increasingly features in policy and political discourse and. About the authors. Anne Wren is a Research Associate of the Institute for International Integration Studies at Trinity College, Dublin, where she directed a Marie Curie Excellence Team research project on ‘The Political Economy of the Service Transition’, financed by the European Commission, between and Related articles.

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Aydin includes a breadth of topics and manages to explain much of Turkey's recent political and economic changes through the prism of liberalisation of the by: The Indian economy has been suffering from a persistent fiscal deficit for the last four decades. With the transition to coalition politics in the s, the country’s political economy characteristics have significantly affected its fiscal policies and outcomes, but this has received scant attention in the literature.

The impact of macroeconomic and political economy factors. The second problem/limit lies in the managing of the financial institution of the common and of the issuing of the money of the common. Many alternatives are possible. That is a political aspect, whose solution has to do with the existing degree of bottom-up democracy and decision making apparatus.

In the transition economies, it appears that more cohesive political systems were needed to dismantle the financial links between the socialist state and the financial sectors.

But having thus reformed, the movement towards greater political competition supported by clear commitments on the part of political leaders to limit their powers proved Cited by: 1.His new book Sustaining China's Economic Growth after the Financial Crisis is a must-read for those who are concerned with China's growth.

So far as I have seen, this book is the most comprehensive, detailed, and well-structured account of the turns and twists of the Chinese government's policy in restructuring the imbalanced economy and 4/5(7).

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