Showing 1 - 10 of 1,251
The paper examines the effect of inflation on growth in transition countries. It presents panel data evidence for 13 … effect on growth of inflation or its standard deviation, and one that appears to decline in magnitude as the inflation rate … increases, as seen for OECD countries. And the results include a role for a normalized money demand in affecting growth, as well …
Persistent link: https://www.econbiz.de/10010494404
The paper examines the effect of inflation on growth in transition countries. It presents panel data evidence for 13 … find a strong, robust, negative effect on growth, and one that declines in magnitude as the inflation rate increases. These … results include a role for a normalized money demand, by itself and as part of a nonlinearity in the inflation-growth effect …
Persistent link: https://www.econbiz.de/10010288837
The paper examines the effect of inflation on growth in transition countries. It presents panel data evidence for 13 … find a strong, robust, negative effect of inflation on growth, and one that declines in magnitude as the inflation rate … increases. These results include a role for a normalized money demand, by itself and as part of a nonlinearity in the inflation-growth …
Persistent link: https://www.econbiz.de/10005212001
The paper examines the effect of inflation on growth in transition countries. It presents panel data evidence for 13 … effect on growth of inflation or its standard deviation, and one that appears to decline in magnitude as the inflation rate … increases, as seen for OECD countries. And the results include a role for a normalized money demand in affecting growth, as well …
Persistent link: https://www.econbiz.de/10004964188
A cash-in-advance, endogenous growth, economy defines financial development within a banking sector production function … expressed in terms of an interest differential. The interest differential result allows for calibration of the finance … production function using industry data. A hypothesis of how financial development interacts with inflation and growth is tested …
Persistent link: https://www.econbiz.de/10004975705
This paper studies the cyclical pattern of ex post markups in the banking system using balance-sheet data for a large set of countries. Markups are strongly countercyclical even after controlling for financial development, banking concentration, operational costs, inflation, and simultaneity or...
Persistent link: https://www.econbiz.de/10010292221
This paper incorporates the cost of adjustment between observed and optimal leverage in explaining the variation in firm?s equity or bank-debt financing investments. Using a dynamic adjustment approach identifies the determinants to capital structure between different financial systems. In...
Persistent link: https://www.econbiz.de/10010298124
This paper incorporates the cost of adjustment between observed and optimal leverage in explaining the variation in firm's equity or bank-debt financing investments. Using a dynamic adjustment approach identifies the determinants to capital structure between different financial systems. In...
Persistent link: https://www.econbiz.de/10011448232
implications in terms of investment, economic growth, inflation and income distribution. Despite its relevance, financial …
Persistent link: https://www.econbiz.de/10010849670
Using China's panel data of 30 provinces during 1990–2003, this paper attempts to explore a possible link between financial development and China's foreign trade. Four indicators are used to identify the role of financial development, which capture both the scale and efficiency feature of...
Persistent link: https://www.econbiz.de/10010934930