An investigation into the nature and impact of financial repression in Trinidad and Tobago : 1960-1991 by Carlyn Ramlogan

“…On the basis of these results the McKinnon-Shaw hypothesis cannot be rejected. However the results when inflation and real interest rates are the relevant proxies for financial repression as well as the low significance levels of other proxies, ought to serve as warning signals to avoid implementing drastic liberalisation measures too quickly.…”
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