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324. A History of Interest Rates feat. Edward Chancellor

unSILOed with Greg LaBlanc

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Financial Repression and its Impact on China's Economy

This chapter discusses the concept of financial repression and how it has shaped China's economy and financial system. It explores how low interest rates have resulted in a transfer of wealth from domestic savers to banks, and the negative consequences of keeping the renminbi low. The chapter also explores the differences in financial repression between emerging markets and the West, and suggests a potential new phase of financial repression.

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