Finance And The Poor
The operation of the formal financial system is profoundly important for the poor. Financial development influences the degree to which economic opportunities are shaped by talent rather than by parental wealth. Considerably more research is needed on which formal financial sector policies boost aggregate economic efficiency, while simultaneously expanding the economic prospects of the poor. Copyright © 2008 The Author. Journal compilation © 2008 Blackwell Publishing Ltd and The University of Manchester.
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Volume (Year): 76 (2008)
Issue (Month): s1 (09)
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References listed on IDEAS
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- Robert M. Townsend & Kenichi Ueda, 2003. "Financial Deepening, Inequality, and Growth; A Model-Based Quantitative Evaluation," IMF Working Papers 03/193, .
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