Effects of inflation on financial sector performance: New evidence from panel quantile regressions
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| Format: | Artículo científico |
| Sprache: | en |
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Universidad Nacional Autónoma de México
2018
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| _version_ | 1876472031066718208 |
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| author | Miguel Á. Tinoco Zermeño |
| author_facet | Miguel Á. Tinoco Zermeño |
| contents | Effects of inflation on financial sector performance: New evidence from panel quantile regressions Miguel Á. Tinoco Zermeño Francisco Venegas Martínez Víctor H. Torres Preciado Economía y Finanzas inflation panel data models quantile regression Financial development This paper explores the influence of inflation on the conditional distribution of financial development, an issue that has not received attention in related literature, with data from 84 countries covering the 1980-2010 period. In our data we show the presence of fixed effects, reject cross-sectional dependence in the error structure and justify poolability. Our empirical strategy employs standard and fixed-effects quantile regressions to demonstrate that the influence of inflation varies along the quantiles of the conditional finance distribution. In general, we find a consistently negative and nonlinear effect of price increases on financial variables; in particular, it is statistically significant in the full sample of countries, significant in developing countries, and insignificant in developed countries. Jel Classification:C31, C33, E31, E44. 2018 artículo científico 0185-1667 https://www.redalyc.org/articulo.oa?id=60179525002 https://www.redalyc.org/journal/601/60179525002/ https://www.redalyc.org/journal/601/60179525002/html/ https://www.redalyc.org/journal/601/60179525002/60179525002.epub https://www.redalyc.org/journal/601/60179525002/movil en http://www.redalyc.org/revista.oa?id=601 Investigación Económica application/pdf Universidad Nacional Autónoma de México Investigación Económica (México) Num.303 Vol.77 |
| format | Artículo científico |
| id | redalyc_60179525002 |
| institution | Redalyc |
| language | en |
| publishDate | 2018 |
| publisher | Universidad Nacional Autónoma de México |
| spellingShingle | Effects of inflation on financial sector performance: New evidence from panel quantile regressions Miguel Á. Tinoco Zermeño Economía y Finanzas inflation panel data models quantile regression Financial development Effects of inflation on financial sector performance: New evidence from panel quantile regressions Miguel Á. Tinoco Zermeño Francisco Venegas Martínez Víctor H. Torres Preciado Economía y Finanzas inflation panel data models quantile regression Financial development This paper explores the influence of inflation on the conditional distribution of financial development, an issue that has not received attention in related literature, with data from 84 countries covering the 1980-2010 period. In our data we show the presence of fixed effects, reject cross-sectional dependence in the error structure and justify poolability. Our empirical strategy employs standard and fixed-effects quantile regressions to demonstrate that the influence of inflation varies along the quantiles of the conditional finance distribution. In general, we find a consistently negative and nonlinear effect of price increases on financial variables; in particular, it is statistically significant in the full sample of countries, significant in developing countries, and insignificant in developed countries. Jel Classification:C31, C33, E31, E44. 2018 artículo científico 0185-1667 https://www.redalyc.org/articulo.oa?id=60179525002 https://www.redalyc.org/journal/601/60179525002/ https://www.redalyc.org/journal/601/60179525002/html/ https://www.redalyc.org/journal/601/60179525002/60179525002.epub https://www.redalyc.org/journal/601/60179525002/movil en http://www.redalyc.org/revista.oa?id=601 Investigación Económica application/pdf Universidad Nacional Autónoma de México Investigación Económica (México) Num.303 Vol.77 |
| title | Effects of inflation on financial sector performance: New evidence from panel quantile regressions |
| topic | Economía y Finanzas inflation panel data models quantile regression Financial development |
| url | https://www.redalyc.org/articulo.oa?id=60179525002 https://www.redalyc.org/journal/601/60179525002/ https://www.redalyc.org/journal/601/60179525002/html/ https://www.redalyc.org/journal/601/60179525002/60179525002.epub https://www.redalyc.org/journal/601/60179525002/movil |