This paper concludes that, for many given government deficit, greater recourse to inflationary finance, financial repression and escessive government borrowing from abroad are associated with higher inflatio, lower saving ratios and lower growth rates.

In this paper, I test a fiscal dominance hypothesis of central bank independence in developing countries.

This paper focuses on some of the practical issues involved in developing coluntary domestic markets for government debt.

This paper is an econometric study of the links between financial and economic development, taking cognisance of financial deregulation, for Japan.

I present a simultaneous-equation model with which I estimate both direct and indirect effects of financial distortions in real interest and black-market exchange rates on saving, investment, export growth and output growth.