This paper explores the long-run effects of inflation on the dynamics of private sector bank credit and economic growth … private sector bank credit in the economy exerts a positive impact on real GDP. In addition, inflation rates have contributed … negatively to the increase in private credit, liquid liabilities, and financial development. A key outcome is that one percent …

relationship between financial development and economic growth. A specific question that is addressed in this paper is what the …, whereas there are two in Japan. Earlier studies support the view that financial development may promote economic growth … inflation. In addition, the threshold level of inflation below which financial development significantly promotes growth is …

The paper evaluates the causal relations and dynamic linkages between Economic growth proxied by real GDP per capita … and four other macroeconomic and financial variables namely Gross Domestic Savings as a percentage of GDP, Domestic Credit … growth and these variables indicate a long-run predictability of the magnifying or reducing effect of economic growth. We …