Financial Development, Financial Instability and Poverty
Sylviane Guillaumont Jeanneney (sylviane.guillaumont@udamail.fr) and
Kangni Kpodar
Working Papers from HAL
Abstract:
This article investigates how financial development is beneficial to the reduction of poverty, on the one hand by promoting growth and in the other hand directly by the McKinnon conduit effect. At the same time, however, financial instability which accompanies financial development is detrimental to the poor and dampens the positive effect of financial development on the reduction of poverty. These hypotheses are tested successfully on a sample of developing countries over the period 1966-2000, resulting in straightforward policy implications.
Keywords: cerdi (search for similar items in EconPapers)
Date: 2011-02-09
New Economics Papers: this item is included in nep-cis and nep-fdg
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Related works:
Working Paper: Financial Development, Financial Instability and Poverty (2006)
Working Paper: Financial Development, Financial Instability and Poverty (2005)
Working Paper: Développement financier, instabilité financière et réduction de la pauvreté (2004)
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