Antinolfi, Gaetano; Landeo, Claudia M.; Nikitin, Maxim - In: Canadian Journal of Economics 40 (2007) 2, pp. 628-649
Empirical evidence suggests non-linearity in the impact of inflation on financial intermediation and real activity. Evidence also suggests that high inflation affects financial intermediation through the substitution of dollars `under the mattress' for savings in domestic banks. We model an...