Tinoco Zermeño, Miguel Ángel; Venegas-Martínez, Francisco - In: Latin American economic review : LAER ; official … 23 (2014), pp. 1-22
This paper explores the long-run effects of inflation on the dynamics of private sector bank credit and economic growth … private sector bank credit in the economy exerts a positive impact on real GDP. In addition, inflation rates have contributed … negatively to the increase in private credit, liquid liabilities, and financial development. A key outcome is that one percent …