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Keywords: financial repression
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Journal Articles
Global Perspectives (2020) 1 (1): 14171.
Published: 27 August 2020
... lending. To work off the debt overhang, interest rates may be held down by central banks for a long period. Inflation may rise, which would deflate the real value of debt, but inflationary pressures are currently weak. Financial repression will add to the pressures on banks and other financial...