Browsing FGV EPGE - Escola Brasileira de Economia e Finanças by Title "Inflationary bias and state owned financial institutions"

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    • Inflationary bias and state owned financial institutions 

      Novaes, Walter; Werlang, Sérgio Ribeiro da Costa
      1994-06
      This article explains why the existence of state owned financial institutions makes it more difficult for a country to balance its budget. We show that states can use their financiaI institutions to transfer their deficits ...