How do Banking Crises Impact on Income Inequality?

Luca Agnello () and Ricardo Magalhães Sousa ()

No 30/2011, NIPE Working Papers from NIPE - Universidade do Minho

Abstract: We show that banking crises have an important effect on income distribution: inequality increases before banking crisis episodes and sharply decline afterwards. We also find that,while a large government size does not per se seem to reduce inequality, a rise in financial depth (i.e. better access to credit provided by the banking sector) contributes to a more equal distribution of income.

Keywords: Inequality; banking crisis; financial depth; government size. (search for similar items in EconPapers)
JEL-codes: E25 E44 H12 G18 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-mac
Date: 2011
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Journal Article: How do banking crises impact on income inequality? (2012)
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