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|z 9781451846416
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Khan, Mohsin.
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|a Inflation and Financial Depth /
|c Mohsin Khan, Abdelhak Senhadji, Bruce Smith.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2001.
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|a 1 online resource (31 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a 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.
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|a Mode of access: Internet
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|a Senhadji, Abdelhak.
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|a Smith, Bruce.
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|a IMF Working Papers; Working Paper ;
|v No. 2001/044
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2001/044/001.2001.issue-044-en.xml
|z IMF e-Library
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