Financial Markets and Inflation Under Imperfect Information

Financial Markets and Inflation Under Imperfect Information
This paper studies the effect of inflation on the operation of financial markets, and shows how the ability of financial intermediaries to distinguish among heterogenous firms is reduced as inflation rises. This point is illustrated by presenting a simple model where inflation affects firms' productivity. In particular, productivity... READ MORE...

Publication date: June 1994
ISBN 9781451848359
$15.00

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