Inflation, financial development, and growth: A trilateral analysis

Economic Systems

Volumn 33, Issue 4, 2009, Pages 310-324

  Rousseau, Peter L ^a,b   Yilmazkuday, Hakan ^c  

^a VANDERBILT UNIVERSITY   (United States)

^b NATIONAL BUREAU OF ECONOMIC RESEARCH   (United States)

^c TEMPLE UNIVERSITY   (United States)

Author keywords

Cross country analysis; Economic growth; Financial depth; Inflation

Indexed keywords

EID: 70449652477     PISSN: 09393625     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.ecosys.2009.06.002     Document Type: Article

References (24)

1. Barro R.J. Economic growth in a cross-section of countries. Quarterly Journal of Economics 56 (1991) 407-443
2. Barro R.J. Inflation and growth. Review, Federal Reserve Bank of St. Louis 78 (1996) 153-169
3. Boyd J.H., Levine R., and Smith B.D. The impact of inflation on financial sector performance. Journal of Monetary Economics 47 (2001) 221-248
4. Bruno M., and Easterly W. Inflation crises and long-run growth. Journal of Monetary Economics 41 (1998) 3-26
5. Dehesa, M., Druck, P., Plekhnaov, A. 2007. Relative price stability, creditor rights, and financial deepening. IMF Working Paper 07/139.
6. Demetriades P.O., and Hussein K.A. Does financial development cause economic growth? Time series evidence from sixteen countries. Journal of Development Economics 51 (1996) 387-411
7. Duttagupta, R., Cashin, P., 2008. The anatomy of banking crises. IMF Working Paper 08/93.
8. European Central Bank. Price stability and growth. ECB Monthly Bullet (2008) 75-87
9. Fischer S. The role of macroeconomic factors in growth. Journal of Monetary Economics 32 (1993) 485-512
10. Fischer, S., 1995. Modern approaches to central banking. NBER Working Paper No. 5064.
11. Goldsmith R.W. Financial Structure and Development (1969), Yale University Press, New Haven, CT
12. Gurley J.G., and Shaw E.S. Financial aspects of economic development. American Economic Review 45 (1955) 515-538
13. Haslag, J., Koo, J., 1999. Financial repression, financial development and economic growth. Federal Reserve Bank of Dallas Working Paper 99-02.
14. King R.G., and Levine R. Finance and growth: Schumpeter might be right. Quarterly Journal of Economics 108 (1993) 717-737
15. Levine R. Finance and growth: theory and evidence. In: Aghion P., and Durlauf S.N. (Eds). Handbook of Economic Growth vol. 1A (2005), Elsevier North Holland, Amsterdam 865-934
16. Levine R., Loayza N., and Beck T. Financial intermediation and growth: causality and causes. Journal of Monetary Economics 46 (2000) 31-77
17. Levine R., and Renelt D. A sensitivity analysis of cross-country growth regressions. American Economic Review 82 (1992) 942-963
18. McKinnon R.I. Money and Capital in Economic Development (1973), The Brookings Institution, Washington, DC
19. Mehl A., Vespro C., Winkler A., et al. Financial sector development in South-Eastern Europe: quality matters. In: Liebscher K. (Ed). Financial Development, Integration and Stability (2006), Edward Elgar, Cheltenham 187-203
20. Rousseau P.L., and Wachtel P. Financial intermediation and economic performance: historical evidence from five industrialized countries. Journal of Money Credit and Banking 30 (1998) 657-678
21. Rousseau P.L., and Wachtel P. Inflation thresholds and the finance-growth nexus. Journal of International Money and Finance 21 (2002) 777-793
22. Rousseau, P. L., Wachtel, P. What is happening to the impact of financial deepening on economic growth? Economic Inquiry, in press.
23. Temple J. Inflation and growth: stories short and tall. Journal of Economic Surveys 14 (2000) 395-426
24. Watson D.F. nngridr: An implementation of natural neighbour implementation. Natural Neighbour Series vol. 1 (1994)