Inflation and Financial Sector Correlation: The Case of Bangladesh

Abu Wahid, Muhammad Shahbaz and Pervaz Azim
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Pervaz Azim: Government College University Faisalabad, Pakistan

International Journal of Economics and Financial Issues, 2011, vol. 1, issue 4, 145-152

Abstract: This paper examines the impact of inflation on financial development in case of Bangladesh for the period of 1985-2005. In doing so, ARDL bounds testing approach and Error Correction Method (ECM) have been employed. Empirical findings reveal that high trends of inflation impede the performance of financial markets. GDP per capita promotes development of financial sector through its causal channels.

Keywords: Financial Sector; Inflation; Bangladesh; ARDL Approach (search for similar items in EconPapers)
JEL-codes: D14 E31 (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (10)

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Working Paper: Inflation and financial sector correlation: the case of Bangladesh (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:eco:journ1:2011-04-1

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