Financial repression is any of the measures that governments employ to channel funds to themselves, that, in a deregulated market, would go elsewhere. Financial repression can be particularly effective at liquidating debt.
The term financial repression was first introduced in 1973 by Stanford economists Edward S. Shaw and Ronald I. McKinnon.
Read more about Financial Repression: Techniques
Famous quotes containing the words financial and/or repression:
“One of the reforms to be carried out during the incoming administration is a change in our monetary and banking laws, so as to secure greater elasticity in the forms of currency available for trade and to prevent the limitations of law from operating to increase the embarrassment of a financial panic.”
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