IDEAS home Printed from https://ideas.repec.org/r/eee/jetheo/v81y1998i2p353-400.html

Financial Market Frictions, Monetary Policy, and Capital Accumulation in a Small Open Economy

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as


Cited by:

  1. repec:rza:wpaper:067 is not listed on IDEAS
  2. Nikola Tasic & Neven Valev, 2008. "The Maturity Structure of Bank Credit: Determinants and Effects on Economic Growth," Working papers 13, National Bank of Serbia.
  3. Chang, Chia-Ying, 2012. "When banking systems meet currencies," Working Paper Series 18620, Victoria University of Wellington, School of Economics and Finance.
  4. Ben Naceur Samy & Ghazouani Samir, 2005. "Does Inflation Impact on Financial Sector Performance in the MENA Region?," Review of Middle East Economics and Finance, De Gruyter, vol. 3(3), pages 48-58, December.
  5. John Duffy & Maxim Nikitin, 2004. "Dollarization Traps," Econometric Society 2004 Latin American Meetings 196, Econometric Society.
  6. Nigmonov, Asror & Shams, Syed & Alam, Khorshed, 2022. "Macroeconomic determinants of loan defaults: Evidence from the U.S. peer-to-peer lending market," Research in International Business and Finance, Elsevier, vol. 59(C).
  7. repec:idb:brikps:349 is not listed on IDEAS
  8. Wallace, Neil, 1998. "Introduction to Modeling Money and Studying Monetary Policy," Journal of Economic Theory, Elsevier, vol. 81(2), pages 223-231, August.
  9. Castaneda, Gonzalo, 2006. "Economic growth and concentrated ownership in stock markets," Journal of Economic Behavior & Organization, Elsevier, vol. 59(2), pages 249-286, February.
  10. Kim, Dong-Hyeon & Lin, Shu-Chin, 2023. "Income inequality, inflation and financial development," Journal of Empirical Finance, Elsevier, vol. 72(C), pages 468-487.
  11. Emmanuel Nii Abbey, 2013. "Inflation and Financial Development: Evidence," American Journal of Economics and Business Administration, Science Publications, vol. 4(4), pages 227-236, July.
  12. Michael Adusei, 2016. "Does Entrepreneurship Promote Economic Growth in Africa?," African Development Review, African Development Bank, vol. 28(2), pages 201-214, June.
  13. Espinosa-Vega, Marco A. & Smith, Bruce D. & Yip, Chong K., 2002. "Monetary Policy and Government Credit Programs," Journal of Financial Intermediation, Elsevier, vol. 11(3), pages 232-268, July.
  14. Bittencourt, Manoel, 2011. "Inflation and financial development: Evidence from Brazil," Economic Modelling, Elsevier, vol. 28(1), pages 91-99.
  15. Khaled Guesmi & Nabila BOUKEF JLASSI & Ahmed Atil & Imen Haouet, 2016. "On the Influence of Oil Prices on Financial Variables," Economics Bulletin, AccessEcon, vol. 36(4), pages 2261-2274.
  16. Joseph Magnus Frimpong & Eric Fosu Oteng-Abayie, 2010. "When is Inflation Harmful? Estimating the Threshold Effect for Ghana," American Journal of Economics and Business Administration, Science Publications, vol. 2(3), pages 232-239, September.
  17. Sin-Yu Ho, 2018. "Macroeconomic determinants of stock market development in South Africa," International Journal of Emerging Markets, Emerald Group Publishing Limited, vol. 14(2), pages 322-342, December.
  18. Piumi Atigala & Tharaka Maduwanthi & Vishmi Gunathilake & Sanduni Sathsarani & Ruwan Jayathilaka, 2022. "Driving the pulse of the economy or the dilution effect: Inflation impacting economic growth," PLOS ONE, Public Library of Science, vol. 17(8), pages 1-17, August.
  19. Gokan, Yoichi, 2011. "Poverty traps, the money growth rule, and the stage of financial development," Journal of Economic Dynamics and Control, Elsevier, vol. 35(8), pages 1273-1287, August.
  20. Mrs. Poonam Gupta & Mr. Thierry Tressel & Ms. Enrica Detragiache, 2005. "Finance in Lower Income Countries: An Empirical Exploration," IMF Working Papers 2005/167, International Monetary Fund.
  21. Afangideh U. J. & Garbobiya T. S. & Umar F. B. & Usman N., 2020. "The Impact of Inflation on Financial Sector Development: Evidence from Nigeria," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 12(2), pages 1-56, February.
  22. Michel, Philippe & Wigniolle, Bertrand, 2005. "Cash-In-Advance Constraints, Bubbles, And Monetary Policy," Macroeconomic Dynamics, Cambridge University Press, vol. 9(1), pages 28-56, February.
  23. Jianhuai Shi, 2002. "The Economic Effects of Inflation Tax Instruments in an Overlapping-Generations Economy with Production," Annals of Economics and Finance, Society for AEF, vol. 3(2), pages 433-451, November.
  24. Smith, R. Todd & van Egteren, Henry, 2005. "Inflation, investment and economic performance: The role of internal financing," European Economic Review, Elsevier, vol. 49(5), pages 1283-1303, July.
  25. Marco A. Espinosa-Vega & Bruce Smith & Chong K. Yip, 1999. "Barriers to international capital flows: who should erect them and how big should they be?," FRB Atlanta Working Paper 99-6, Federal Reserve Bank of Atlanta.
  26. Yakubu Awudu Sare & Eric Evans Osei Opoku & Muazu Ibrahim & Isaac Koomson, 2019. "Financial sector development convergence in Africa: Evidence from bank- and market-based measures," Economics and Business Letters, Oviedo University Press, vol. 8(4), pages 166-175.
  27. Chang, Chia-Ying, 2012. "Can a home country benefit from FDI? A theoretical analysis," Working Paper Series 18623, Victoria University of Wellington, School of Economics and Finance.
  28. Sin-Yu Ho & Bernard Njindan Iyke, 2017. "Determinants of stock market development: a review of the literature," Studies in Economics and Finance, Emerald Group Publishing Limited, vol. 34(1), pages 143-164, March.
  29. Christensen, Jens H. E. & Zhang, Xin, 2024. "Quantitative Easing, Bond Risk Premia and the Exchange Rate in a Small Open Economy," Working Paper Series 434, Sveriges Riksbank (Central Bank of Sweden), revised 01 Aug 2025.
  30. Perera-Tallo Fernando, 2011. "Slow-Moving Traps," The B.E. Journal of Macroeconomics, De Gruyter, vol. 11(1), pages 1-50, March.
  31. Yve Daniel Ngassa Nya & Alex Kamgang Ndada & Alexis Tiomela Yemedjeu & Guy Paulin Dazoue Dongue, 2025. "External Debt, Economic Complexity and Financial Development in Sub-Saharan Africa," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 7, pages 43-60.
  32. Mavikela Nomahlubi & Mhaka Simba & Phiri Andrew, 2019. "The Inflation-Growth Relationship in SSA Inflation-Targeting Countries," Studia Universitatis Babeș-Bolyai Oeconomica, Sciendo, vol. 64(2), pages 84-102, August.
  33. Barnes, Michelle L., 1999. "Inflation and returns revisited: a TAR approach," Journal of Multinational Financial Management, Elsevier, vol. 9(3-4), pages 233-245, November.
  34. Hossain, Monzur & Rafiq, Farhana, 2012. "Global Commodity Price Volatility and Domestic Inflation: Impact on the Performance of the Financial Sector in Bangladesh," MPRA Paper 52167, University Library of Munich, Germany.
  35. W. Adrián Risso Adrián Risso & Edgar J. Sánchez Carrera, 2010. "Análisis de cointegración y valores umbrales entre la inflación y el crecimiento económico en México: 1970-2007," Ensayos Revista de Economía, Universidad Autónoma de Nuevo León, vol. 29(2), pages 77-98, November.
  36. Sin-Yu Ho & N.M. Odhiambo, 2018. "Analysing the macroeconomic drivers of stock market development in the Philippines," Cogent Economics & Finance, Taylor & Francis Journals, vol. 6(1), pages 1451265-145, January.
  37. Barnes, Michelle & Boyd, John H. & Smith, Bruce D., 1999. "Inflation and asset returns," European Economic Review, Elsevier, vol. 43(4-6), pages 737-754, April.
  38. Huybens, Elisabeth & Smith, Bruce D., 1999. "Inflation, financial markets and long-run real activity," Journal of Monetary Economics, Elsevier, vol. 43(2), pages 283-315, April.
  39. Abdullah Bin Omar & Anis Ali & Salma Mouneer & Robina Kouser & Mamdouh Abdulaziz Saleh Al-Faryan, 2022. "Is stock market development sensitive to macroeconomic indicators? A fresh evidence using ARDL bounds testing approach," PLOS ONE, Public Library of Science, vol. 17(10), pages 1-19, October.
  40. Fadi Fawaz & Anis Mnif & Ani Popiashvili, 2021. "Impact of governance on economic growth in developing countries: a case of HIDC vs. LIDC," Journal of Social and Economic Development, Springer;Institute for Social and Economic Change, vol. 23(1), pages 44-58, June.
  41. Thi Hong Hanh Pham, 2015. "Determinants of Bank Lending," Working Papers hal-01158241, HAL.
  42. Ho, Sin-Yu, 2017. "The Macroeconomic Determinants of Stock Market Development: Evidence from Malaysia," MPRA Paper 77232, University Library of Munich, Germany.
  43. Edgar A. Ghossoub & Andre Harrison & Robert R. Reed, 2024. "Capital controls, banking competition, and monetary policy," Economic Inquiry, Western Economic Association International, vol. 62(3), pages 1369-1399, July.
  44. Kangni Kpodar & Raju Jan Singh & Dhaneshwar Ghura, 2009. "Financial Deepening in the CFA Franc Zone: The Role of Institutions," Post-Print hal-00450079, HAL.
  45. Nepal Rastra Bank, 2017. "Optimal Inflation Rate for Nepal," NRB Economic Review, Nepal Rastra Bank, Economic Research Department, vol. 29(1), pages 1-18, April.
  46. Sin-Yu Ho, 2019. "The macroeconomic determinants of stock market development in Malaysia: an empirical analysis," Global Business and Economics Review, Inderscience Enterprises Ltd, vol. 21(2), pages 174-193.
  47. Ho, Sin-Yu, 2017. "The Macroeconomic Determinants of Stock Market Development: Evidence from South Africa," MPRA Paper 76493, University Library of Munich, Germany.
  48. Nicholas Odhiambo, 2010. "Interest rate reforms, financial deepening and economic growth in Tanzania: a dynamic linkage," Journal of Economic Policy Reform, Taylor and Francis Journals, vol. 13(2), pages 201-212.
  49. AL-ZUBI, Khaled & AL-RJOUB,Samer & ABU-MHAREB,E, 2006. "Financial Development And Economic Growth: A New Empirical Evidence From The Mena Countries, 1989-2001," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 6(3).
  50. Marco A. Espinosa-Vega & Bruce Smith & Chong K. Yip, 2000. "Barriers to international capital flows: when, why, how big, and for whom?," FRB Atlanta Working Paper 2000-16, Federal Reserve Bank of Atlanta.
  51. Huang, Ho-Chuan & Lin, Shu-Chin & Kim, Dong-Hyeon & Yeh, Chih-Chuan, 2010. "Inflation and the finance-growth nexus," Economic Modelling, Elsevier, vol. 27(1), pages 229-236, January.
  52. repec:ere:journl:v:xxix:y:2010:i:2:p:77-98 is not listed on IDEAS
  53. repec:rza:wpaper:539 is not listed on IDEAS
  54. Rudi Purwono & Mohammad Zeqi Yasin, 2018. "The Convergence Test of Indonesia Banking Inefficiency: Do Macroeconomic Indicators Matter?," Bulletin of Monetary Economics and Banking, Bank Indonesia, vol. 21(1), pages 123-138, July.
  55. Boyd, John H. & Levine, Ross & Smith, Bruce D., 2001. "The impact of inflation on financial sector performance," Journal of Monetary Economics, Elsevier, vol. 47(2), pages 221-248, April.
  56. Joydeep Bhattacharya & Shankha Chakraborty, 2005. "What do information frictions do?," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 26(3), pages 651-675, October.
  57. Kim, Dong-Hyeon & Lin, Shu-Chin, 2011. "Nonlinearity in the financial developmentâincome inequality nexus," Journal of Comparative Economics, Elsevier, vol. 39(3), pages 310-325, September.
  58. repec:nsb:wpaper:13 is not listed on IDEAS
  59. Asma Nasim & Muhammad Ali Nasir & Gareth Downing, 2025. "Determinants of bank efficiency in developed (G7) and developing (E7) countries: role of regulatory and economic environment," Review of Quantitative Finance and Accounting, Springer, vol. 65(1), pages 257-294, July.
  60. Sin-Yu Ho & Nicholas M. Odhiambo, 2019. "The macroeconomic drivers of stock market development: evidence from Hong Kong," Journal of Financial Economic Policy, Emerald Group Publishing Limited, vol. 12(2), pages 185-207, July.
  61. Osoro, Jared & Josea, Kiplangat, 2022. "Banking system adjustment to shock: The Kenyan case of liquidity-profitability trade-offs," KBA Centre for Research on Financial Markets and Policy Working Paper Series 56, Kenya Bankers Association (KBA).
  62. Emmanuel Mensah & Rachel Odoley Mensah & David Aboagye Danquah, 2024. "Threshold effects of inflation on the FDI – growth nexus: evidence from inflation-targeting countries in sub-Saharan Africa," Economic Research-Ekonomska Istraživanja, Taylor & Francis Journals, vol. 37(1), pages 2299991-229, January.
  63. David, Drukker & Pedro, Gomis-Porqueras & Paula, Hernandez -erme, 2005. "Threshold effects in the relationship between inflation and growth: a new panel-data approach," MPRA Paper 38225, University Library of Munich, Germany.
  64. Leon-Gonzalez, Roberto & Vinayagathasan, Thanabalasingam, 2015. "Robust determinants of growth in Asian developing economies: A Bayesian panel data model averaging approach," Journal of Asian Economics, Elsevier, vol. 36(C), pages 34-46.
  65. Yi Jin & Charles K.Y. Leung & Zhixiong Zeng, 2012. "Real Estate, the External Finance Premium and Business Investment: A Quantitative Dynamic General Equilibrium Analysis," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 40(1), pages 167-195, March.
  66. Michel, Philippe & Wigniolle, Bertrand, 2003. "Temporary bubbles," Journal of Economic Theory, Elsevier, vol. 112(1), pages 173-183, September.
  67. Marco A. Espinosa-Vega & Bruce Smith & Chong K. Yip, 1998. "On government credit programs," FRB Atlanta Working Paper 98-2, Federal Reserve Bank of Atlanta.
  68. Walid Benayed & Foued Badr Gabsi, 2020. "Domestic public debt and financial development in Sub-Saharan Africa: Is there an inverted-U relationship?," Economics Bulletin, AccessEcon, vol. 40(1), pages 846-854.
  69. Ibarra, Raul & Trupkin, Danilo R., 2016. "Reexamining the relationship between inflation and growth: Do institutions matter in developing countries?," Economic Modelling, Elsevier, vol. 52(PB), pages 332-351.
  70. Abrar, Afsheen & Hasan, Iftekhar & Kabir, Rezaul, 2021. "Finance-growth nexus and banking efficiency: The impact of microfinance institutions," Journal of Economics and Business, Elsevier, vol. 114(C).
  71. Tobias Broer, 2007. "Emerging Market Lending: Is Moral Hazard Endogenous?," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 32(2), pages 41-67, December.
  72. Nasir Iqbal & Saima Nawaz, 2009. "Investment, Inflation and Economic Growth Nexus," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 48(4), pages 863-874.
  73. Carli, Francesco & Lloyd-Braga, Teresa & Modesto, Leonor, 2024. "Imperfect competition in the banking sector and economic instability," Journal of Mathematical Economics, Elsevier, vol. 112(C).
IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.