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dc.contributor.authorBittencourt, Manoelen
dc.date.accessioned2009-01-28T16:08:21Z-
dc.date.available2009-01-28T16:08:21Z-
dc.date.issued2007-
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
dc.language.isoengen
dc.publisher|aVerein für Socialpolitik, Ausschuss für Entwicklungsländer |cGöttingenen
dc.relation.ispartofseries|aProceedings of the German Development Economics Conference, Göttingen 2007 |x1en
dc.subject.jelO11en
dc.subject.jelE44en
dc.subject.jelE31en
dc.subject.jelO54en
dc.subject.ddc330en
dc.subject.keywordFinancial developmenten
dc.subject.keywordinflationen
dc.subject.keywordBrazilen
dc.titleInflation and Financial Development: Evidence from Brazil-
dc.typeConference Paperen
dc.identifier.ppn56070979Xen
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:gdec07:6524en

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