| Description |
1 online resource (30 pages) : illustrations |
| Series |
IMF working paper, 2227-8885 ; WP/01/44 |
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IMF working paper ; WP/01/44.
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| Summary |
There is now a substantial theoretical literature arguing that inflation impedes financial deepening. Furthermore, it has been hypothesized that the relationship 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 |
| Bibliography |
Includes bibliographical references (pages 28-30) |
| Notes |
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL |
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English |
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digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL |
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Print version record |
| Subject |
Inflation (Finance)
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Rate of return.
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Stock exchanges.
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Stocks -- Prices.
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Inflation, Economic
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stock exchanges.
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Inflation (Finance)
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Rate of return
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Stock exchanges
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Stocks -- Prices
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| Form |
Electronic book
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| Author |
Senhadji Semlali, A
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|
Smith, Bruce D
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IMF Institute.
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| ISBN |
1281600636 |
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9781281600639 |
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1451893566 |
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9781451893564 |
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1462387373 |
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9781462387373 |
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1452783586 |
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9781452783581 |
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9786613781321 |
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6613781320 |
|
