Repressed financial systems as instruments of taxation : evidence from Iceland
The paper discusses how inflation and direct government intervention in the financial sector can be used as a substitute for tax revenue and as a means for redistributing resources. Five stages of financial repression are identified and data presented which suggest that the post-war economy of Icela...
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| Format: | Article in Journal/Newspaper |
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| Online Access: | http://taloustieteellinenyhdistys.fi/images/stories/fep/f1990_1b.pdf |
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ftrepec:oai:RePEc:fep:journl:v:3:y:1990:i:1:p:14-25 |
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ftrepec:oai:RePEc:fep:journl:v:3:y:1990:i:1:p:14-25 2024-04-14T08:13:28+00:00 Repressed financial systems as instruments of taxation : evidence from Iceland Thrainn Eggertsson http://taloustieteellinenyhdistys.fi/images/stories/fep/f1990_1b.pdf unknown http://taloustieteellinenyhdistys.fi/images/stories/fep/f1990_1b.pdf article ftrepec 2024-03-19T10:38:05Z The paper discusses how inflation and direct government intervention in the financial sector can be used as a substitute for tax revenue and as a means for redistributing resources. Five stages of financial repression are identified and data presented which suggest that the post-war economy of Iceland has belonged to the fifth and highest stage. The industrial organization of a repressed financial system is examined along with the forces that undermined the Icelandic financial system. The final section introduces the dilemmas of financial liberalization. Article in Journal/Newspaper Iceland RePEc (Research Papers in Economics) |
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Open Polar |
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RePEc (Research Papers in Economics) |
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ftrepec |
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unknown |
| description |
The paper discusses how inflation and direct government intervention in the financial sector can be used as a substitute for tax revenue and as a means for redistributing resources. Five stages of financial repression are identified and data presented which suggest that the post-war economy of Iceland has belonged to the fifth and highest stage. The industrial organization of a repressed financial system is examined along with the forces that undermined the Icelandic financial system. The final section introduces the dilemmas of financial liberalization. |
| format |
Article in Journal/Newspaper |
| author |
Thrainn Eggertsson |
| spellingShingle |
Thrainn Eggertsson Repressed financial systems as instruments of taxation : evidence from Iceland |
| author_facet |
Thrainn Eggertsson |
| author_sort |
Thrainn Eggertsson |
| title |
Repressed financial systems as instruments of taxation : evidence from Iceland |
| title_short |
Repressed financial systems as instruments of taxation : evidence from Iceland |
| title_full |
Repressed financial systems as instruments of taxation : evidence from Iceland |
| title_fullStr |
Repressed financial systems as instruments of taxation : evidence from Iceland |
| title_full_unstemmed |
Repressed financial systems as instruments of taxation : evidence from Iceland |
| title_sort |
repressed financial systems as instruments of taxation : evidence from iceland |
| url |
http://taloustieteellinenyhdistys.fi/images/stories/fep/f1990_1b.pdf |
| genre |
Iceland |
| genre_facet |
Iceland |
| op_relation |
http://taloustieteellinenyhdistys.fi/images/stories/fep/f1990_1b.pdf |
| _version_ |
1796311466827055104 |