Many countries simultaneously suffer from high inflation, low growth and poorly developed financial sectors. In this … inflation on welfare, growth and the size of the financial sector. A novel feature is that the innovation sector is … decentralized. Financial intermediaries arise endogenously to provide liquidity to this sector. Consistent with the data but in …

Stock markets serve as a conduit for money and liquidity, which are necessary for economic growth and stability. This …, characterised by volatility, high inflation rates, and political instability. The research used a time series Vector Autoregressive … liquidity has no major influence on Zimbabwe's economic development. As a result, the study advises policymakers to evaluate the …