FINANCE AND THE POOR

Ross Levine ()

Manchester School, 2008, vol. 76, issue s1, 1-13

Abstract: The operation of the formal financial system is profoundly important for the poor. Financial development influences the degree to which economic opportunities are shaped by talent rather than by parental wealth. Considerably more research is needed on which formal financial sector policies boost aggregate economic efficiency, while simultaneously expanding the economic prospects of the poor.

Date: 2008
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