The effects of aid on inflation : the role of financial market development

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buir.advisorBöke, Selin Sayek
dc.contributor.authorDönmez, Ayça
dc.date.accessioned2016-07-01T11:04:12Z
dc.date.available2016-07-01T11:04:12Z
dc.date.issued2005
dc.departmentDepartment of Economicsen_US
dc.descriptionCataloged from PDF version of article.en_US
dc.description.abstractThis thesis investigates the relationship between foreign aid and inflation considering the effect of financial market development (FMD) on this relationship. The main hypothesis is that aid has a significant positive impact on inflation. When the financial markets are developed enough, the upward effect of aid on inflation is expected to be diminished. The dynamic relationship is analyzed utilizing generalized method of moments (GMM) estimation which accommodates the use of an unbalanced panel data set, covering 60 countries in the period 1975-2004, where available. The results of the empirical analysis support the hypothesis. Furthermore, the results are robust to several control variables, and alternative measures of financial market development.en_US
dc.description.degreeM.A.en_US
dc.description.provenanceMade available in DSpace on 2016-07-01T11:04:12Z (GMT). No. of bitstreams: 1 0002972.pdf: 533940 bytes, checksum: dc2fd3a65701cde39fb4cd64df1a789b (MD5) Previous issue date: 2005en
dc.description.statementofresponsibilityDönmez, Ayçaen_US
dc.format.extentviii, 113 leaves, tablesen_US
dc.identifier.itemidBILKUTUPB094624
dc.identifier.urihttp://hdl.handle.net/11693/29731
dc.language.isoEnglishen_US
dc.publisherBilkent Universityen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectAiden_US
dc.subjectInflationen_US
dc.subjectFinancial Market Development (FMD)en_US
dc.subject.lccHC60 .D65 2005en_US
dc.subject.lcshEconomic assistance.en_US
dc.titleThe effects of aid on inflation : the role of financial market developmenten_US
dc.typeThesisen_US

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Dept. of Economics - Master's degree