Financial Openness and Inflation: An Empirical Analysis

Alfred Guender and Hamish McHugh-Smith

Working Papers in Economics from University of Canterbury, Department of Economics and Finance

Abstract: Our empirical analysis reveals a strong systematic inverse link between financial openness and CPI inflation in over 100 countries, adding weight to the argument that inflation in financially open economies is lower. Trade openness in contrast bears no systematic relationship to inflation.

Keywords: Financial Openness; Trade Openness; Inflation; Capital Controls (search for similar items in EconPapers)
JEL-codes: E3 E5 F3 (search for similar items in EconPapers)
Pages: 10 pages
Date: 2020-09-01
New Economics Papers: this item is included in nep-cba, nep-mac and nep-mon
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Persistent link: https://EconPapers.repec.org/RePEc:cbt:econwp:20/18

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