Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/132314
DC FieldValue
dc.titleInflation and financial deepening. Comment
dc.contributor.authorKapur, B.K.
dc.date.accessioned2016-12-13T05:31:04Z
dc.date.available2016-12-13T05:31:04Z
dc.date.issued1989-10
dc.identifier.citationKapur, B.K. (1989-10). Inflation and financial deepening. Comment. Journal of Development Economics 31 (2) : 379-396. ScholarBank@NUS Repository.
dc.identifier.issn03043878
dc.identifier.urihttp://scholarbank.nus.edu.sg/handle/10635/132314
dc.description.abstractIn a recent paper, Moore (1986) has criticized McKinnon's (1976) analysis of the relationship between a country's savings propensities and its money-income ratio on both logical and empirical grounds, and has proposed an alternative treatment. We argue here that Moore's critique and proposed alternative, while containing useful insights, are theoretically and empirically problematic, and we propose a synthesis of McKinnon's and Moore's treatments. We also develop a simple growth model, based upon our synthesis, which is shown to generate certain significant implications for the neo-structuralist critique of the McKinnon-Shaw financial liberalization prescription. © 1989.
dc.sourceScopus
dc.typeArticle
dc.contributor.departmentECONOMICS & STATISTICS
dc.description.sourcetitleJournal of Development Economics
dc.description.volume31
dc.description.issue2
dc.description.page379-396
dc.identifier.isiutNOT_IN_WOS
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