Abstract
We show that banking crises have an important effect on income distribution: inequality increases before banking crisis episodes and sharply declines afterwards. We also find that, while a large government size does not per se seem to reduce inequality, a rise in financial depth (i.e. better access to credit provided by the banking sector) contributes to a more equal distribution of income.
Lingua originale | English |
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pagine (da-a) | 1425-1429 |
Numero di pagine | 5 |
Rivista | Applied Economics Letters |
Volume | 19 |
Stato di pubblicazione | Published - 2012 |
All Science Journal Classification (ASJC) codes
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