Finance and Inequality /

The study examines empirical relationships between income inequality and three features of finance: depth (financial sector size relative to the economy), inclusion (access to and use of financial services by individuals and firms), and stability (absence of financial distress). Using new data cover...

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Hlavní autor: Cihak, Martin
Další autoři: Sahay, Ratna
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 2020.
Edice:Staff Discussion Notes; Staff Discussion Notes ; No. 2020/001
On-line přístup:Full text available on IMF
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245 1 0 |a Finance and Inequality /  |c Martin Cihak, Ratna Sahay. 
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300 |a 1 online resource (50 pages) 
490 1 |a Staff Discussion Notes 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a The study examines empirical relationships between income inequality and three features of finance: depth (financial sector size relative to the economy), inclusion (access to and use of financial services by individuals and firms), and stability (absence of financial distress). Using new data covering a wide range of countries, the analysis finds that the financial sector can play a role in reducing inequality, complementing redistributive fiscal policy. By expanding the provision of financial services to low-income households and small businesses, it can serve as a powerful lever in helping create a more inclusive society but-if not well managed-it can amplify inequalities. 
538 |a Mode of access: Internet 
700 1 |a Sahay, Ratna. 
830 0 |a Staff Discussion Notes; Staff Discussion Notes ;  |v No. 2020/001 
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