Financial Repression and Debt Cycles
Holding real rates below growth to inflate away debt, and the long credit cycles that make it necessary. The canonical statement of the mechanism is Reinhart and Sbrancia's paper The Liquidation of Government Debt.
8 books · 3 people behind it
Start here
- Lords of FinanceLiaquat Ahamed, 2009
- House of DebtAtif Mian, Amir Sufi, 2014
- This Time Is DifferentCarmen M. Reinhart, Kenneth S. Rogoff, 2009
- Big Debt CrisesRay Dalio, 2018
The people behind it 3
Each person holds a book in this entry or names it in their own tags.
Investors 2
Journalists 1
Books 8
Liaquat Ahamed · 2009 · Central bankers managing an unpayable debt overhang in the 1920s.
Carmen M. Reinhart, Kenneth S. Rogoff · 2009 · Eight centuries of debt, default and repression, with the data behind it.
David Graeber · 2011 · The long anthropological view of debt forgiveness and its politics.
Michael Pettis · 2013 · Savings imbalances, capital flows and who is forced to absorb them.
Atif Mian, Amir Sufi · 2014 · Household leverage as the mechanism turning a debt cycle into a slump.
Mohamed A. El-Erian · 2016 · Central banks holding rates down because no other authority will act.
Ray Dalio · 2018 · The beautiful deleveraging: how policymakers try to engineer the outcome.
Edward Chancellor · 2022 · A history of interest rates and what suppressing them does to capital allocation.