Financial development, financial Instability and poverty.
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...
| Main Authors: | , |
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| Format: | Working paper |
| Language: | English |
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CSAE (University of Oxford)
2005
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| _version_ | 1797053997264142336 |
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| author | Jeanneney, S Kpodar, K |
| author_facet | Jeanneney, S Kpodar, K |
| author_sort | Jeanneney, S |
| collection | OXFORD |
| description | 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. |
| first_indexed | 2024-03-06T18:51:25Z |
| format | Working paper |
| id | oxford-uuid:105e0270-8c3e-40ca-936c-b711d9f992a0 |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-06T18:51:25Z |
| publishDate | 2005 |
| publisher | CSAE (University of Oxford) |
| record_format | dspace |
| spelling | oxford-uuid:105e0270-8c3e-40ca-936c-b711d9f992a02022-03-26T09:56:00ZFinancial development, financial Instability and poverty.Working paperhttp://purl.org/coar/resource_type/c_8042uuid:105e0270-8c3e-40ca-936c-b711d9f992a0EnglishDepartment of Economics - ePrintsCSAE (University of Oxford)2005Jeanneney, SKpodar, KThis 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. |
| spellingShingle | Jeanneney, S Kpodar, K Financial development, financial Instability and poverty. |
| title | Financial development, financial Instability and poverty. |
| title_full | Financial development, financial Instability and poverty. |
| title_fullStr | Financial development, financial Instability and poverty. |
| title_full_unstemmed | Financial development, financial Instability and poverty. |
| title_short | Financial development, financial Instability and poverty. |
| title_sort | financial development financial instability and poverty |
| work_keys_str_mv | AT jeanneneys financialdevelopmentfinancialinstabilityandpoverty AT kpodark financialdevelopmentfinancialinstabilityandpoverty |