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Finance and Inequality
by Ratna Sahay and Martin Cihak
ISBN 9781513526546
Publication year: 2020

Cdn: $14.50; US: $10.00
Language: English
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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.
Finance and Inequality
Cdn: $14.50; US: $10.00
International Monetary Fund (IMF) BookID: 128821 Added: 2021.9.6