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Interest rates, employment and income distribution: a review of issues

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  • Roe, Alan,

Abstract

Working paper on effects of interest rates on employment and income distribution, with particular reference to developing countries - reviews related economic theories; considers consequences of higher inflation rates in Chile and Turkey; supports the setting up of realistic levels of interest rates in the context of a stabilization programme (economic policy); includes economic models. Graphs, references.

Suggested Citation

  • Roe, Alan,, 1986. "Interest rates, employment and income distribution: a review of issues," ILO Working Papers 992485903402676, International Labour Organization.
    • Handle: RePEc:ilo:ilowps:992485903402676
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    File URL: http://www.ilo.org/public/libdoc/ilo/1986/86B09_363_engl.pdf
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    References listed on IDEAS

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    1. Fry, Maxwell J., 1980. "Saving, investment, growth and the cost of financial repression," World Development, Elsevier, vol. 8(4), pages 317-327, April.
    2. Courakis, Anthony S, 1984. "Constraints on Bank Choices and Financial Repression in Less Developed Countries," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 46(4), pages 341-370, November.
    3. Van Wijnbergen, S., 1983. "Interest rate management in LDC's," Journal of Monetary Economics, Elsevier, vol. 12(3), pages 433-452, September.
    4. James Tobin, 1955. "A Dynamic Aggregative Model," Journal of Political Economy, University of Chicago Press, vol. 63(2), pages 103-103.
    5. Kapur, Basant K, 1976. "Alternative Stabilization Policies for Less-developed Economies," Journal of Political Economy, University of Chicago Press, vol. 84(4), pages 777-795, August.
    6. Fischer, Bernhard & Mayer, Thomas, 1982. "The Impact of rising international interest rates on developing countries: The South Korean experience," Kiel Working Papers 153, Kiel Institute for the World Economy (IfW Kiel).
    7. Anand G. Chandavarkar, 1971. "Some Aspects of Interest Rate Policies in Less Developed Economies: The Experience of Selected Asian Countries (Quelques aspects des politiques de taux d'intérêt dans les économies moins développÃ," IMF Staff Papers, Palgrave Macmillan, vol. 18(1), pages 48-112, March.
    8. Krugman, Paul & Taylor, Lance, 1978. "Contractionary effects of devaluation," Journal of International Economics, Elsevier, vol. 8(3), pages 445-456, August.
    9. Arnold C. Harberger, 1972. "On Estimating the Rate of Return to Capital in Colombia," Palgrave Macmillan Books, in: Project Evaluation, chapter 0, pages 132-156, Palgrave Macmillan.
    10. Roe, Alan R., 1982. "High interest rates: a new conventional wisdom for development policy? some conclusions from Sri Lankan experience," World Development, Elsevier, vol. 10(3), pages 211-222, March.
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    12. Buffie, Edward F., 1984. "Financial repression, the new structuralists, and stabilization policy in semi-industrialized economies," Journal of Development Economics, Elsevier, vol. 14(3), pages 305-322, April.
    13. Hanson, James A., 1983. "Contractionary devaluation, substitution in production and consumption, and the role of the labor market," Journal of International Economics, Elsevier, vol. 14(1-2), pages 179-189, February.
    14. Hiemenz U. & Langhammer, Rolf J., 1986. "Efficiency pre-conditions for successful integration of developing countries into the world economy," ILO Working Papers 992485213402676, International Labour Organization.
    15. SHIGEYUKI ABE & MAXWELL J. FRY & BYOUNG KYUN MIN & PAiROJ VONGVIPANOND & TEH-PEI Yu, 1977. "Financial Liberalisation and Domestic Saving in Economic Development.An Empirical Test for Six Countries," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 16(3), pages 298-308.
    16. repec:ilo:ilowps:248590 is not listed on IDEAS
    17. repec:ilo:ilowps:248522 is not listed on IDEAS
    18. Fisher, Irving, 1907. "The Rate of Interest," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number fisher1907.
    19. von Furstenberg, George M, 1983. "The Uncertain Effects of Inflationary Finance on Growth in Developing Countries," Public Finance = Finances publiques, , vol. 38(2), pages 232-266.
    20. Clifton, Eric V., 1983. "The effects of increased Interest-rate volatility on LDCs," Journal of International Money and Finance, Elsevier, vol. 2(1), pages 67-74, April.
    21. Erzan R., 1986. "External account, growth and employment in Egypt and Turkey: historical review and prospects," ILO Working Papers 992485223402676, International Labour Organization.
    22. Fry, Maxwell J., 1982. "Analysing disequilibrium interest-rate systems in developing countries," World Development, Elsevier, vol. 10(12), pages 1049-1057, December.
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    Cited by:

    1. Corsepius, Uwe, 1988. "Interest rate reform and private investment behaviour in developing countries: Evidence from Peru," Kiel Working Papers 317, Kiel Institute for the World Economy (IfW Kiel).

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