TY  - BOOK
AU  - Guillaumont Jeanneney,Sylviane
AU  - Kpodar,Kangni R.
TI  - Financial Development and Poverty Reduction: Can There Be a Benefit Without a Cost? 
T2  - IMF Working Papers; Working Paper
SN  - 145186924X :
SN  - 1018-5941
PY  - 2008///
CY  - Washington, D.C.
PB  - International Monetary Fund
KW  - Bond
KW  - imf
KW  - Financial Development
KW  - Financial Instability
KW  - GDP per Capita
KW  - Growth Rate
KW  - Mckinnon Conduit Effect
KW  - Korea, Republic of
KW  - Nigeria
KW  - Pakistan
KW  - Turkey
KW  - Uruguay
N2  - This article investigates how financial development helps to reduce poverty directly through the McKinnon conduit effect and indirectly through economic growth. The results obtained with data for a sample of developing countries from 1966 through 2000 suggest that the poor benefit from the ability of the banking system to facilitate transactions and provide savings opportunities but to some extent fail to reap the benefit from greater availability of credit. Moreover, financial development is accompanied by financial instability, which is detrimental to the poor. Nevertheless, the benefits of financial development for the poor outweigh the cost
UR  - http://elibrary.imf.org/view/IMF001/09071-9781451869248/09071-9781451869248/09071-9781451869248.xml
UR  - http://www.imfbookstore.org/IMFORG/9781451869248
ER  -