Bittencourt, Manoel F. - Centre for Market and Public Organisation (CMPO), … - 2007
In this paper we examine the impact of inflation on financial development in Brazil. The data available permit us to … and erratic rates of inflation presented deleterious effects on finance at the time. The main policy implication arising … from the results is that poor macroeconomic performance, exemplified by high rates of inflation, can only have detrimental …