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A repressed financial system meant bond yields did not spike.
One local bank boss says the RBI "runs a repressed financial system which is intolerant towards innovation.
Real interest rates are low, reflecting high inflation and a repressed financial system that is geared to helping the state finance itself.India has tried coercion.
Changing what economists call a "repressed financial system" would require a huge adjustment by the government, which for 30 years has clung to an export model based on cheap labor and a cheap currency.
These risks may also be manifest in a repressed financial system with lower money multipliers and leverage, further tightening credit.
Similar(55)
This task is easier in China than in other countries because its financial system remains "repressed".
The financial system remains dysfunctional.
The financial system is frozen.
One is the financial system.
The financial system was reformed.
Our financial system is solid.
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