Policy Discussion Paper - The University of Adelaide

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Policy Discussion Paper No. 0036 Adelaide University• Adelaide • SA 5005 • Australia

Threshold Relationships among Inflation, Financial Market Development and Growth

Michelle L. Barnes

August 2000

CENTRE FOR INTERNATIONAL ECONOMIC STUDIES The Centre was established in 1989 by the Economics Department of the Adelaide University to strengthen teaching and research in the field of international economics and closely related disciplines. Its specific objectives are: •

to promote individual and group research by scholars within and outside the Adelaide University



to strengthen undergraduate and post-graduate education in this field



to provide shorter training programs in Australia and elsewhere



to conduct seminars, workshops and conferences for academics and for the wider community



to publish and promote research results



to provide specialised consulting services



to improve public understanding of international economic issues, especially among policy makers and shapers

Both theoretical and empirical, policy-oriented studies are emphasised, with a particular focus on developments within, or of relevance to, the Asia-Pacific region. The Centre’s Director is Professor Kym Anderson (Email [email protected]) and Deputy Director, Dr Randy Stringer (Email [email protected]) Further details and a list of publications are available from: Executive Assistant CIES School of Economics Adelaide University SA 5005 AUSTRALIA Telephone: (+61 8) 8303 5672 Facsimile: (+61 8) 8223 1460 Email: [email protected] Most publications can be downloaded from our Home page: http://www.adelaide.edu.au/cies/

CIES POLICY DISCUSSION PAPER 0036

Threshold Relationships among Inflation, Financial Market Development and Growth

Michelle L. Barnes

School of Economics Adelaide University [email protected]

August 2000 ________________________________________________________________________

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