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dc.contributor.authorBittencourt, Manoelen_US
dc.date.accessioned2009-01-28T16:08:21Z-
dc.date.available2009-01-28T16:08:21Z-
dc.date.issued2007en_US
dc.identifier.urihttp://hdl.handle.net/10419/19857-
dc.description.abstractWe 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.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesProceedings of the German Development Economics Conference, Göttingen 2007 / Verein für Socialpolitik, Research Committee Development Economics 1en_US
dc.subject.jelO11en_US
dc.subject.jelE44en_US
dc.subject.jelE31en_US
dc.subject.jelO54en_US
dc.subject.ddc330en_US
dc.subject.keywordFinancial developmenten_US
dc.subject.keywordinflationen_US
dc.subject.keywordBrazilen_US
dc.titleInflation and Financial Development: Evidence from Brazilen_US
dc.typeConference Paperen_US
dc.identifier.ppn56070979Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:gdec07:6524-
Appears in Collections:Proceedings of the German Development Economics Conference, 2007 (Göttingen)

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