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Federal Reserve Bank of Dallas
Working Papers
Financial repression, financial development and economic growth
Joseph H. Haslag
Jahyeong Koo
Abstract

In this paper, we examine the empirical relationship between financial repression, financial development, and growth. Theory has developed in which financial repression and growth are linked. The main contribution of this paper is to look at two parts. First, what, if any, is the empirical link between financial repression and growth, controlling for the level of financial development. Second, is there an empirical link between financial repression and financial development?


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Joseph H. Haslag & Jahyeong Koo, Financial repression, financial development and economic growth, Federal Reserve Bank of Dallas, Working Papers 9902, 1999.
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Keywords: Economic development
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