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| Tekijä: | Fukuchi, T. |
| Otsikko: | Liberalization effect in financially repressed economy: the case of Indonesia , 1982-90 |
| Lehti: | Developing Economies
1995 : SEP, VOL. 33:3, p. 271-309 |
| Asiasana: | FINANCE ECONOMIC CONDITIONS INDONESIA |
| Kieli: | eng |
| Tiivistelmä: | The effects of financial liberalization may differ depending on the stage of development and the institutional schemes. At an early stage of development, the rising interest rates can induce the shift of wealth from unproductive goods to the loan market. If government expenditures do not financially crowd out private investment , this inflow could accelerate capital formation. It is important to analyze the effects of financial repression within the context of the usual scheme of the loan market. This orientation was selected in this paper. |
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