public and private debts. A subtle type of debt restructuring takes the form of 'financial repression.' Financial repression … interest rates, regulation of cross-border capital movements, and (generally) a tighter connection between government and banks … rapid reduction in public debt/GDP ratios from the late 1940s to the 1970s. Low nominal interest rates help reduce debt …

As austerity policies are unpopular with voters and high levels of debt are a drag on growth a number of economists … the debt trap. We maintain that an exit from financial repression-like policies is the better alternative to promote …

public and private debts. A subtle type of debt restructuring takes the form of "financial repression." Financial repression … interest rates, regulation of cross-border capital movements, and (generally) a tighter connection between government and banks … facilitated a sharp and rapid reduction in public debt/GDP ratios from the late 1940s to the 1970s. Low nominal interest rates …

's equities, and to issue debt in each other's currency. We interpret the latter observation as the co-existence of the U …

We show that macroprudential regulation can considerably dampen the impact of globalfinancial shocks on emerging … markets. More specifically, a tighter level of regulation reducesthe sensitivity of GDP growth to VIX movements and capital … andliquidity, foreign currency mismatches, and risky forms of credit. We also find that tightermacroprudential regulation allows …

tightening in response to macroprudential concerns. I also find that policy is acyclical to foreign debt but is countercyclical …

considered. Highly leveraged households are more vulnerable in times of stress, and their debt servicing capabilities might …