Governments may be increasingly tempted to use financial repression to deal with public debts that have continued to set new peace time records, research by the International Monetary Fund finds.

Marijn Bolhuis, Jakree Koosakul, Neil Shenai and Jie Yang say that standard methods of dealing with debt, such as fiscal consolidation and growth-enhancing reforms, are slow and can be “politically difficult to sustain”. Historically, governments have often resorted to “less orthodox channels” to deal