Inflation and financial sector correlation: the case of Bangladesh

Abu Wahid, Muhammad Shahbaz and Azeem Pervez

MPRA Paper from University Library of Munich, Germany

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; Pakistan; ARDL Approach (search for similar items in EconPapers)
JEL-codes: A10 (search for similar items in EconPapers)
Date: 2011-08-11, Revised 2011-08-20
New Economics Papers: this item is included in nep-mon
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Citations: View citations in EconPapers (10)

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Journal Article: Inflation and Financial Sector Correlation: The Case of Bangladesh (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:32935

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