Financial Markets and Inflation Under Imperfect Information /
This paper studies the effect of inflation on the operation of financial markets, and shows how the ability of financial intermediaries to distinguish among heterogenous firms is reduced as inflation rises. This point is illustrated by presenting a simple model where inflation affects firms' pr...
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| Format: | Žurnal |
| Jezik: | English |
| Izdano: |
Washington, D.C. :
International Monetary Fund,
1994.
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| Serija: | IMF Working Papers; Working Paper ;
No. 1994/063 |
| Teme: | |
| Online pristup: | Full text available on IMF |