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 |
| Published: |
2005
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| Subjects: |