Financial Development and Poverty Reduction
Title | Financial Development and Poverty Reduction PDF eBook |
Author | Sylviane Guillaumont Jeanneney |
Publisher | International Monetary Fund |
Pages | 42 |
Release | 2008-03 |
Genre | Business & Economics |
ISBN |
This article investigates how financial development helps to reduce poverty directly through the McKinnon conduit effect and indirectly through economic growth. The results obtained with data for a sample of developing countries from 1966 through 2000 suggest that the poor benefit from the ability of the banking system to facilitate transactions and provide savings opportunities but to some extent fail to reap the benefit from greater availability of credit. Moreover, financial development is accompanied by financial instability, which is detrimental to the poor. Nevertheless, the benefits of financial development for the poor outweigh the cost.
Financial Development, Institutions, Growth and Poverty Reduction
Title | Financial Development, Institutions, Growth and Poverty Reduction PDF eBook |
Author | Basudeb Guha-Khasnobis |
Publisher | Springer |
Pages | 337 |
Release | 2008-04-01 |
Genre | Business & Economics |
ISBN | 0230594026 |
This book explores country case studies and works that detail the exact transmission mechanisms through which financial development can enhance pro-poor development in order to derive best practices in this field. This is an important companion for professionals and policymakers, and also a vital reference source for students.
Finance, Inequality, and Poverty
Title | Finance, Inequality, and Poverty PDF eBook |
Author | Thorsten Beck |
Publisher | World Bank Publications |
Pages | 36 |
Release | 2004 |
Genre | Finance |
ISBN |
"While substantial research finds that financial development boosts overall economic growth, we study whether financial development disproportionately raises the incomes of the poor and alleviates poverty. Using a broad cross-country sample, we distinguish among competing theoretical predictions about the impact of financial development on changes in income distribution and poverty alleviation. We find that financial development reduces income inequality by disproportionately boosting the incomes of the poor. Countries with better-developed financial intermediaries experience faster declines in measures of both poverty and income inequality. These results are robust to controlling for other country characteristics and potential reverse causality"--National Bureau of Economic Research web site.
Financial Development and Poverty Reduction in Developing Countries
Title | Financial Development and Poverty Reduction in Developing Countries PDF eBook |
Author | Hossein Jalilian |
Publisher | |
Pages | 28 |
Release | 2001 |
Genre | Finance |
ISBN | 9781904143000 |
Financial Development, Inequality and Poverty
Title | Financial Development, Inequality and Poverty PDF eBook |
Author | Mr.Sami Ben Naceur |
Publisher | International Monetary Fund |
Pages | 28 |
Release | 2016-02-19 |
Genre | Business & Economics |
ISBN | 1498359655 |
This paper provides evidence on the link between financial development and income distribution. Several dimensions of financial development are considered: financial access, efficiency, stability, and liberalization. Each aspect is represented by two indicators: one related to financial institutions, and the other to financial markets. Using a sample of 143 countries from 1961 to 2011, the paper finds that four of the five dimensions of financial development can significantly reduce income inequality and poverty, except financial liberalization, which tends to exacerbate them. Also, banking sector development tends to provide a more significant impact on changing income distribution than stock market development. Together, these findings are consistent with the view that macroeconomic stability and reforms that strengthen creditor rights, contract enforcement, and financial institution regulation are needed to ensure that financial development and liberalization fully support the reduction of poverty and income equality.
Financial Development and Poverty Alleviation
Title | Financial Development and Poverty Alleviation PDF eBook |
Author | Paul Holden |
Publisher | |
Pages | 46 |
Release | 2001 |
Genre | Economic stabilization |
ISBN |
Globalization and Poverty
Title | Globalization and Poverty PDF eBook |
Author | Ann Harrison |
Publisher | University of Chicago Press |
Pages | 674 |
Release | 2007-11-01 |
Genre | Business & Economics |
ISBN | 0226318001 |
Over the past two decades, the percentage of the world’s population living on less than a dollar a day has been cut in half. How much of that improvement is because of—or in spite of—globalization? While anti-globalization activists mount loud critiques and the media report breathlessly on globalization’s perils and promises, economists have largely remained silent, in part because of an entrenched institutional divide between those who study poverty and those who study trade and finance. Globalization and Poverty bridges that gap, bringing together experts on both international trade and poverty to provide a detailed view of the effects of globalization on the poor in developing nations, answering such questions as: Do lower import tariffs improve the lives of the poor? Has increased financial integration led to more or less poverty? How have the poor fared during various currency crises? Does food aid hurt or help the poor? Poverty, the contributors show here, has been used as a popular and convenient catchphrase by parties on both sides of the globalization debate to further their respective arguments. Globalization and Poverty provides the more nuanced understanding necessary to move that debate beyond the slogans.