Among other common forms of government financial control, caps on interest rates have been declining over the past several decades as most industrialized countries and a rising number of developing countries continue liberalizing their financial policies. However, in several countries the last...

Die durch die große Finanzkrise induzierten hohen Schuldenquoten zwingen die Staaten zu Maßnahmen des Schuldenabbaus. Financial Repression bietet dafür Möglichkeiten. Sie entsteht, wenn staatliche Instanzen den Finanzmärkten Maßnahmen oktroyieren und manifestiert sich in erster Linie in...

This paper is one of four in this Working Paper series, focusing on financial liberalisation, along with those by Miller and Weller, Driscoll, and Blundell-Wignall and Browne. It examines the historical volatilities of stock, bond and foreign currency markets over alternative periods differing...