How do Banking Crises Impact on Income Inequality?
AbstractWe show that banking crises have an important effect on income distribution: inequality increases before banking crisis episodes and sharply decline 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.
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Bibliographic InfoPaper provided by NIPE - Universidade do Minho in its series NIPE Working Papers with number 30/2011.
Date of creation: 2011
Date of revision:
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Other versions of this item:
- Luca Agnello & Ricardo M. Sousa, 2012. "How do banking crises impact on income inequality?," Applied Economics Letters, Taylor & Francis Journals, vol. 19(15), pages 1425-1429, October.
- E25 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Aggregate Factor Income Distribution
- E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
- H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management
- G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
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"Macroeconomic determinants of the credit risk in the banking system: The case of the GIPSI,"
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