نوع مقاله : علمی
نویسندگان
1 دانشجوی دکتری دانشگاه مازندران
2 دانشگاه مازندران
3 عضو هیئت علمی گروه اقتصاد دانشگاه مازندران
4 عضو هیات علمی گروه اقتصاد دانشگاه مازندران
چکیده
کلیدواژهها
موضوعات
عنوان مقاله [English]
نویسندگان [English]
The present study examines the impact of shadow banking on inflation rates in four groups of selected countries (including developed countries with high levels of shadow banking, developed countries with low levels of shadow banking, developing countries with high levels of shadow banking, and developing countries with low levels of shadow banking) during the period 2002-2020. The research modeling is based on dynamic panel patterns, and the relationships between variables are estimated using the Generalized Method of Moments (GMM) technique. The results of the model estimation in two groups of countries under study, namely developed countries with high levels of shadow banking and developing countries with low levels of shadow banking, indicate that the expansion of shadow banking leads to increased inflation, with this effect being exacerbated through the production channel. Conversely, the findings suggest a negative impact of shadow banking on inflation in developed countries with low levels of shadow banking and developing countries with high levels of shadow banking. It is worth noting that the results of the model estimations show that in none of the four groups of countries examined, shadow banking has led to inflation through the money creation channel. It is worth noting that the results of the model estimations show that in none of the four groups of countries examined, shadow banking has led to inflation through the money creation channel.
کلیدواژهها [English]
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