The Impact of Inflation on Financial Development

Haroon Khan
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Haroon Khan: King AbdulAziz University, Jeddah, Kingdom of Saudi Arabia

International Journal of Innovation and Economic Development, 2015, vol. 1, issue 4, 42-48

Abstract: This paper scrutinizes the impact of inflation on financial development in the case of Pakistan for the period of 1991-2011. In order to do so, Regression and Correlation methods have been applied. Experimental findings expose that high trends of inflation delay the performance of financial markets. GDP per capita promotes the development of financial sector through its causing channels. Three indicators namely money supply, total level of deposits, BCPS (bank credit to private sector) represent the financial development in Pakistan. There is a negative relationship between inflation and financial development.

Keywords: Inflation; Financial Development; macroeconomic factors; Pakistan (search for similar items in EconPapers)
JEL-codes: M00 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:mgs:ijoied:v:1:y:2015:i:4:p:42-48

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