Inflation and financial depth / prepared by Moshin S. Khan, Abdelhak S. Senhadji and Bruce D. Smith.
Tipo de material:
TextoSeries IMF working paper ; no. WP/01/44Detalles de publicación: Washington, D.C. : International Monetary Fund, 2001Descripción: 30 pTema(s): Clasificación CDD: - 21 332.41
| Tipo de ítem | Biblioteca actual | Signatura topográfica | Estado | Fecha de vencimiento | Código de barras | |
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Biblioteca Manuel Belgrano | F 332.41 F 20814 (Navegar estantería(Abre debajo)) | Disponible | 20814 F |
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Bibliografía: p. 28-30.
There is now a substantial theoretical literature arguing that inflation impedes financial deepening. Furthermore, it has been hypothesized that the relashionship is a nonlinear one, in that there is a threshold level of inflation below which inflation has a positive effect on financial depth, but above which the effect turns negative. Using a large cross-country sample, empirical support is found for the existence of such a threshold. The estimates indicate that the threshold level of inflation is generally between 3 and 6 percent a year, depending on the specific measure of financial depth that is used.
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