|
EconStor >
Verein für Socialpolitik >
Ausschuss für Entwicklungsländer, Verein für Socialpolitik >
Proceedings of the German Development Economics Conference, 2007 (Göttingen) >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/19857
|
| | |
| Title: | | Inflation and Financial Development: Evidence from Brazil  |
| Authors: | | Bittencourt, Manoel |
| Issue Date: | | 2007 |
| Series/Report no.: | | Proceedings of the German Development Economics Conference, Göttingen 2007 / Verein für Socialpolitik, Research Committee Development Economics 1 |
| Abstract: | | We examine the impact of inflation on financial development in Brazil and the data available permit us to cover the period between 1985 and 2002. The results?based initially on time-series and then on panel time-series data and analysis, and robust for different estimators and financial development measures?suggest that inflation presented deleterious effects on financial development at the time. The main implication of the results is that poor macroeconomic performance, exemplified in Brazil by high rates of inflation, have detrimental effects to financial development, a variable that is important for affecting, e.g. economic growth and income inequality. Therefore, low and stable inflation, and all that it encompasses, is a necessary first step to achieve a deeper and more active financial sector with all its attached benefits. |
| Subjects: | | Financial development inflation Brazil |
| JEL: | | O11 E44 E31 O54 |
| Document Type: | | Conference Paper |
| Appears in Collections: | | Proceedings of the German Development Economics Conference, 2007 (Göttingen)
|
| |
| | |
Download bibliographical data as:
BibTeX
|
| |
Share on:http://hdl.handle.net/10419/19857
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|