IDEAS home Printed from https://ideas.repec.org/h/spr/advbcp/978-94-6463-298-9_4.html

Financial Crises and Inequality: Exploring the Relationship between Delinquency and Greater Polarization

In: Proceedings of the 2023 International Conference on Finance, Trade and Business Management (FTBM 2023)

Author

Listed:
  • Jiaxuan Lan

    (Huron college, The University of Western Ontario)

  • Jiewen Lei

    (King’s University College, The University of Western Ontario)

Abstract

High inflation, rising concerns around cost of living, the topic of finance and its related crises has seemingly been on the rise in the last few decades. Through understanding how financial/banking crises can be linked to inequality, it can be perceived as to whether inequality is simply inevitable and whether there are steps that can be taken in order to reduce its relevant extent. This essay will focus on leading up to, and following the Great Recession of 2007/2008 and find whether rising economic inequality has resulted in greater polarization overall. There is evidence to suggest that financial crises can cause and can result in an aftermath of great inequality however these effects may have varying levels of impact as well. Not only is understanding the relationship important, but the past can also provide answers for the future, especially relating to how inequality has been reduced and what methods have been drawn up at present to mitigate some of these issues.

Suggested Citation

  • Jiaxuan Lan & Jiewen Lei, 2023. "Financial Crises and Inequality: Exploring the Relationship between Delinquency and Greater Polarization," Advances in Economics, Business and Management Research, in: Amalendu Bhunia & Rubi Binti Ahmad & Yifeng Zhu (ed.), Proceedings of the 2023 International Conference on Finance, Trade and Business Management (FTBM 2023), pages 21-27, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-298-9_4
    DOI: 10.2991/978-94-6463-298-9_4
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a
    for a similarly titled item that would be available.

    More about this item

    Keywords

    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:advbcp:978-94-6463-298-9_4. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.