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undergone many criticisms and evolutions. The Phillips curve yet remains a fundamental tool for inflation forecasting and …
Persistent link: https://www.econbiz.de/10005617192
were characterized by rapid growth without major contractions, by an increase in liquidity, a lack of inflation, and a …
Persistent link: https://www.econbiz.de/10011110198
This paper assesses the adjustment of inflation with financial dynamic fundamentals of money (financial depth), credit …-term adjustments in the ability of banks to transform money into credit do not matter in correcting inflation. This is most probably … between inflation and the fundamentals. (2) The error correction mechanism is stable in all specifications but in case of any …
Persistent link: https://www.econbiz.de/10011111089
credit to private sector to GDP has significant and sizeable effect on inflation. This paper finds that in countries with …The purpose of this paper is to empirically analyze the effects of the quality of institutions on inflation. Using … high inflation rates, financial sectors cannot resist current levels of inflation and banking system does not decrease …
Persistent link: https://www.econbiz.de/10011111283
framework for inflation as a process of restructuring. Contrary to existing theories of inflation, which tend to take structure … and institutions as given for the purpose of analysis, we argue that inflation could be understood only in terms of … restructuring arises as an integral part of capital accumulation. On the aggregate level, inflation appears as stagflation, with the …
Persistent link: https://www.econbiz.de/10005789620
In recent years, an important number of impact studies have attempted to examine the effect of credit on income poverty … Metropolitan area of Mexico City. The paper provides an estimation of the impact of credit, employing different equivalence scales …
Persistent link: https://www.econbiz.de/10005835401
that banking consolidation has reduced the availability of credit to small businesses. We find that banks in markets where … mergers have occurred are more likely than other banks to deny credit to small business loan applicants. However, this … one set of banks, those in the process of acquiring other banks, are less likely to deny credit to small businesses. These …
Persistent link: https://www.econbiz.de/10005836119
unique category. The most represented type of risk in credit is a credit risk. It is possible to divide factors of risk … between decision-making and investment influences the size of a credit risk. The length of credit structure influences the … risk. The cognition of debtor's debt servicing potential, methods of coverage credit risk and indicators of credit risk …
Persistent link: https://www.econbiz.de/10005836609
analysis and formal econometric tests based on several indicators of the credit market. First of all, the descriptive analysis … shows that the main relationship between credit indicators, monetary policy and economic activity are in line with the … predictions of the credit channel theory. Additionally, it highlights the fact that bank loans in Brazil are predominantly short …
Persistent link: https://www.econbiz.de/10005837282
differentials between the domestic and international markets (indicating arbitrage) and the credit conditions. The real variable …
Persistent link: https://www.econbiz.de/10005837530