Quarterly Journal of Quantitative Economics (JQE)

Measuring Financial Repression in Selected Oil Exporting Cou

https://doi.org/10.22055/jqe.2011.10585
Volume 8, Issue 4 - Serial Number 4
Winter 2013
Pages 119-133
Quarterly Journal of Quantitative Economics (JQE)

Document Type : Research Paper

Authors

Mansour Zarra-Nezhad
Sajjad Parsaeian
Ebrahim Anvari
Abstract
Development of financial system and capital market are the two necessities to achieve economic growth and development. The experience of many developing countries showed that structural reformation in financial system and capital market is necessary to finance the required investment for economic growth. One of the main obstacles to financial development is financial repression. The aim of this study is to measure financial repression in the selected oil exporting countries including Iran, Saudi Arabia, Venezuela, Nigeria, Mexico and Indonesia for the period of 1990-2009. The model of the study is the one that introduced by Beim and Colominos (2001) and developed by Battiliossi (2004). The results of the study showed that the level of financial repression was, on average, about 50 during 1990-1998. Eventually it slopes up to reach the 55 in 2009. The financial repression in Iran has almost been close to the average level of financial repression (50.2) of the studied countries. 
 
JEL classification:G18, G28

Keywords

Financial repression
Financial liberalization
government intermediate
financial development
oil exporting countries
  • Receive Date 14 June 2014
  • First Publish Date 14 June 2014
  • Publish Date 22 December 2011

Home

News

Guide for Authors

Submit Manuscript

Contact Us