Liquidation of the War Finance Corporation
Author : United States. Dept. of the Treasury
Publisher :
Page : 82 pages
File Size : 12,18 MB
Release : 1943
Category :
ISBN :
Author : United States. Dept. of the Treasury
Publisher :
Page : 82 pages
File Size : 12,18 MB
Release : 1943
Category :
ISBN :
Author : United States. Department of the Treasury
Publisher :
Page : 84 pages
File Size : 48,12 MB
Release : 1943
Category :
ISBN :
Author : War Finance Corporation (U.S.)
Publisher :
Page : 32 pages
File Size : 46,74 MB
Release : 1930
Category : Agricultural credit
ISBN :
Author : Ms.Carmen Reinhart
Publisher : International Monetary Fund
Page : 47 pages
File Size : 12,58 MB
Release : 2015-01-21
Category : Business & Economics
ISBN : 1498338380
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 government debt, limiting tax-base erosion. Financial repression is most successful in liquidating debt when accompanied by inflation. For the advanced economies, real interest rates were negative 1⁄2 of the time during 1945–1980. Average annual interest expense savings for a 12—country sample range from about 1 to 5 percent of GDP for the full 1945–1980 period. We suggest that, once again, financial repression may be part of the toolkit deployed to cope with the most recent surge in public debt in advanced economies.
Author : United States. Congress. House. Committee on Banking and Currency
Publisher :
Page : 170 pages
File Size : 31,7 MB
Release : 1920
Category : Agricultural credit
ISBN :
Author : United States
Publisher :
Page : 46 pages
File Size : 36,40 MB
Release : 1936
Category :
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Author : United States. Superintendent of Documents
Publisher :
Page : 2556 pages
File Size : 18,34 MB
Release :
Category : Government publications
ISBN :
Author : United States. Superintendent of Documents
Publisher :
Page : 2556 pages
File Size : 43,85 MB
Release : 1896
Category : Government publications
ISBN :
Author : War Finance Corporation (U.S.)
Publisher :
Page : 40 pages
File Size : 26,45 MB
Release : 1922
Category : Agricultural credit
ISBN :
Author : Board of Governors of the Federal Reserve System (U.S.)
Publisher :
Page : 1376 pages
File Size : 23,91 MB
Release : 1924
Category : Banking law
ISBN :