Do budget deficits raise nominal interest rates?

1987 ◽  
Vol 20 (2) ◽  
pp. 281-300 ◽  
Author(s):  
Paul Evans
Keyword(s):  
Interest Rates ◽  
Budget Deficits ◽  
Nominal Interest Rates

THE EFFECT OF FISCAL POLICY ON THE SHORT-RUN RELATION BETWEEN NOMINAL INTEREST RATES AND INFLATION

1987 ◽  
Vol 25 (1) ◽  
pp. 27-42 ◽  
Author(s):  
VICTOR A. CANTO ◽  
GERALD NICKELSBURG ◽  
PAUL RIZOS
Keyword(s):  
Fiscal Policy ◽  
Interest Rates ◽  
Nominal Interest Rates ◽  
Short Run

Interest Rates and Foreign Capital in Egypt Under British Occupation

1983 ◽  
Vol 43 (4) ◽  
pp. 867-884 ◽  
Author(s):  
Bent Hansen
Keyword(s):  
Interest Rates ◽  
Third World ◽  
Foreign Capital ◽  
Financial Capital ◽  
Archival Studies ◽  
Sharp Decline ◽  
Agricultural Prices ◽  
British Occupation ◽  
Nominal Interest Rates ◽  
Interest Differentials

My archival studies in Egyptian banks reveal that nominal interest rates charged by foreign financial capital in Egypt fell strongly as compared with European rates throughout the period 1882–1914. Interest differentials declined by 2 to 2 ½ percent. This is explained by the increasing confidence of European investors with British occupation and policies. To explain the large inflow of financial capital after 1900 a sharp decline in real interest rates, related to the upsurge of agricultural prices, is posited. The case offers interesting parallels to present-day problems of excessive indebtedness in Third World countries.

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