Financial reforms and income inequality
- Autori: Agnello, L; Sousa, R; Mallick, S
- Anno di pubblicazione: 2012
- Tipologia: Articolo in rivista (Articolo in rivista)
- Parole Chiave: Financial reforms; Income inequality; Kuznets curve
- OA Link: http://hdl.handle.net/10447/66153
Abstract
Using a panel of 62 countries for 1973–2005, we assess the impact of financial reforms on income inequality. We find that removal of policies towards directed credit and excessively high reserve requirements, and improvements in the securities market reduce inequality.