Financial Development and Poverty Reduction : Can There Be a Benefit Without a Cost?

Can There Be a Benefit Without a Cost?

Financial Development and Poverty Reduction : Can There Be a Benefit Without a Cost?
This article investigates how financial development helps to reduce poverty directly through the McKinnon conduit effect and indirectly through economic growth. The results obtained with data for a sample of developing countries from 1966 through 2000 suggest that the poor benefit from the ability of the banking system to facilitate transactions... READ MORE...

Publication date: March 2008
ISBN 9781451869248
$18.00

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