Banking sector crises and inequality:
"An apparent temporary narrowing of income inequality has been observed during several recent banking crises. But it would be a mistake to conclude that such crises don't matter for the poor. For one thing, the correlation is not strong, and the opposite pattern has also been present. Besi...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
[Washington, D.C]
World Bank
2005
|
| Schriftenreihe: | Policy research working paper
3659 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | "An apparent temporary narrowing of income inequality has been observed during several recent banking crises. But it would be a mistake to conclude that such crises don't matter for the poor. For one thing, the correlation is not strong, and the opposite pattern has also been present. Besides, the poor are much less able to absorb a cut in income: safety-net policies are crucial during a downturn even if the gap between rich and poor has temporarily narrowed. More fundamentally, distributional shifts during the crisis may be less important than the fact that underlying financial policy and infrastructures conducive to crisis can also be associated with more unequal societies."--World Bank web site |
| Beschreibung: | Includes bibliographical references. - Title from PDF file as viewed on 8/19/2005 Erscheinungsjahr in Vorlageform:[2005] Weitere Ausgabe: Honohan, Patrick: Banking sector crises and inequality |
| Beschreibung: | 1 Online-Ressource (35 Seiten) |
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| spellingShingle | Honohan, Patrick 1949- Banking sector crises and inequality |
| title | Banking sector crises and inequality |
| title_auth | Banking sector crises and inequality |
| title_exact_search | Banking sector crises and inequality |
| title_full | Banking sector crises and inequality Patrick Honohan |
| title_fullStr | Banking sector crises and inequality Patrick Honohan |
| title_full_unstemmed | Banking sector crises and inequality Patrick Honohan |
| title_short | Banking sector crises and inequality |
| title_sort | banking sector crises and inequality |
| url | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-3659 |
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