01767cas a2200265 a 4500 AALejournalIMF009321 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451867039 1018-5941 BD-DhAAL BD-DhAAL Druck, Pablo. Relative Price Stability, Creditor Rights, and Financial Deepening / Pablo Druck, Alexander Plekhanov, Mario Dehesa. Washington, D.C. : International Monetary Fund, 2007. 1 online resource (21 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The paper provides a theoretical and cross-country empirical analysis of the determinants of financial deepening, and finds that higher credit-to-GDP ratios are associated with stronger creditor rights and lower inflation, and that the marginal effect of improvements in creditor rights protection is declining as the rate of inflation increases. The analysis suggests that in a high inflation environment, controlling inflation and reducing macroeconomic volatility should be given priority. Once these goals are achieved, the focus of attention should shift to creditor rights protection and credit information management. Mode of access: Internet Dehesa, Mario. Plekhanov, Alexander. IMF Working Papers; Working Paper ; No. 2007/139 Full text available on IMF http://elibrary.imf.org/view/journals/001/2007/139/001.2007.issue-139-en.xml IMF e-Library