Deficits and inflation; Are monetary and financial institutions worthy to consider or not?

Institutions are important to analyze the relationship between deficits and inflation. This study examines whether deficits are inflationary or not in the presence of dependent central bank and fragile financial markets. A panel dataset has been used for eleven Asian countries from 1981 to 2010. Est...

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Bibliographic Details
Main Authors:	Tahira Ishaq, Hassan M. Mohsin
Format:	Article
Language:	English
Published:	Elsevier 2015-09-01
Series:	Borsa Istanbul Review
Subjects:	Fiscal deficits Inflation Institutions Central bank independence Financial markets development
Online Access:	http://www.sciencedirect.com/science/article/pii/S2214845015000149

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spelling	doaj-6bc80b05127945ba92bcfee64895aa2c2020-11-25T00:09:00ZengElsevierBorsa Istanbul Review2214-84502015-09-0115318019110.1016/j.bir.2015.03.002Deficits and inflation; Are monetary and financial institutions worthy to consider or not?Tahira IshaqHassan M. MohsinInstitutions are important to analyze the relationship between deficits and inflation. This study examines whether deficits are inflationary or not in the presence of dependent central bank and fragile financial markets. A panel dataset has been used for eleven Asian countries from 1981 to 2010. Estimation results from system GMM show that deficits are inflationary for selected sample, while inflationary pressure of budget deficits is particularly stronger when financial markets are not fully developed and central banks are not free to follow their goals and objectives.http://www.sciencedirect.com/science/article/pii/S2214845015000149Fiscal deficitsInflationInstitutionsCentral bank independenceFinancial markets development
collection	DOAJ
language	English
format	Article
sources	DOAJ
author	Tahira Ishaq Hassan M. Mohsin
spellingShingle	Tahira Ishaq Hassan M. Mohsin Deficits and inflation; Are monetary and financial institutions worthy to consider or not? Borsa Istanbul Review Fiscal deficits Inflation Institutions Central bank independence Financial markets development
author_facet	Tahira Ishaq Hassan M. Mohsin
author_sort	Tahira Ishaq
title	Deficits and inflation; Are monetary and financial institutions worthy to consider or not?
title_short	Deficits and inflation; Are monetary and financial institutions worthy to consider or not?
title_full	Deficits and inflation; Are monetary and financial institutions worthy to consider or not?
title_fullStr	Deficits and inflation; Are monetary and financial institutions worthy to consider or not?
title_full_unstemmed	Deficits and inflation; Are monetary and financial institutions worthy to consider or not?
title_sort	deficits and inflation; are monetary and financial institutions worthy to consider or not?
publisher	Elsevier
series	Borsa Istanbul Review
issn	2214-8450
publishDate	2015-09-01
description	Institutions are important to analyze the relationship between deficits and inflation. This study examines whether deficits are inflationary or not in the presence of dependent central bank and fragile financial markets. A panel dataset has been used for eleven Asian countries from 1981 to 2010. Estimation results from system GMM show that deficits are inflationary for selected sample, while inflationary pressure of budget deficits is particularly stronger when financial markets are not fully developed and central banks are not free to follow their goals and objectives.
topic	Fiscal deficits Inflation Institutions Central bank independence Financial markets development
url	http://www.sciencedirect.com/science/article/pii/S2214845015000149
work_keys_str_mv	AT tahiraishaq deficitsandinflationaremonetaryandfinancialinstitutionsworthytoconsiderornot AT hassanmmohsin deficitsandinflationaremonetaryandfinancialinstitutionsworthytoconsiderornot
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Deficits and inflation; Are monetary and financial institutions worthy to consider or not?

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