Interest rate restrictions policy: possibilities and consequences for Ukraine
Loading...
Date
2014
Authors
Mertens, Alexander
Journal Title
Journal ISSN
Volume Title
Publisher
Abstract
This paper investigates historical examples and experience o f interest rate restrictions, consequences o f such policies for economy, reasons and outcomes o f easing IIR policies as well as possibilities, possible outcomes and recommendations regarding IRR policy in Ukraine. It might be concluded that though some sort of “anti-usury ” restrictions can be reasonable, administrative regulation (ceiling) o f interest rate level will generate more negative than positive consequences for the economy and Mill unlikely be effective. Authorities
shotild concentrate on more “thoughtful ” regulations which would constraint information asymmetry, provide balanced monetary policy and develop important modern segments offinancial markets.
Description
Keywords
монетарна політика, фінансові ринки, лихварство, обмеження процентних ставок, interest rate restrictions, monetary policy, interest rate ceiling, usury laws
Citation
Mertens, O. Interest rate restrictions policy: possibilities and consequences for Ukraine / O. Mertens. // Наукові записки НаУКМА. - 2014. - Т. 159 : Економічні науки. - С. 53-57.