Relative Price Stability, Creditor Rights, and Financial Deepening

Relative Price Stability, Creditor Rights, and Financial Deepening
The paper provides a theoretical and cross-country empirical analysis of the determinants of financial deepening, and finds that higher credit-to-GDP ratios are associated with stronger creditor rights and lower inflation, and that the marginal effect of improvements in creditor rights protection is declining as the rate of inflation increases.... READ MORE...

Publication date: June 2007
ISBN 9781451867039
$18.00

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