Financial reforms and income inequality

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.

Bibliographic Details
Main Author: Agnello, Luca (author)
Other Authors: Mallick, Sushanta K. (author), Sousa, Ricardo M. (author)
Format: workingPaper
Language:eng
Published: 2012
Subjects:
Online Access:http://hdl.handle.net/1822/22478
Country:Portugal
Oai:oai:repositorium.sdum.uminho.pt:1822/22478