TY  - BOOK
AU  - Singh,Raju Jan
AU  - Huang,Yifei
AU  - Singh,Raju Jan
TI  - Financial Channels, Property Rights, and Poverty: A Sub-Saharan African Perspective 
PY  - 2016///
CY  - Washington, D.C.
PB  - The World Bank
KW  - Access to Finance
KW  - Banks and Banking Reform
KW  - Credit
KW  - Debt Markets
KW  - Economic Theory & Research
KW  - Finance and Financial Sector Development
KW  - Financial Development
KW  - Macroeconomics and Economic Growth
KW  - Poverty
KW  - Poverty Reduction
KW  - Pro-Poor Growth
KW  - Property Rights
N2  - Studies on the link between financial development and poverty have been inconclusive. Some claim that deeper financial sectors should improve the allocation of capital by allowing entrepreneurs greater access to finance, which should particularly favor the poor. Others argue that improvements in the financial system primarily benefit the rich and politically connected. The literature has also been ambiguous about the channels through which finance may be associated with lower poverty (deposits versus credit). Looking at a sample of 37 countries in Sub-Saharan Africa from 1992 through 2006, the paper suggests that financial deepening is associated with lower poverty through different channels depending on the strength of property rights. In the absence of well-defined and enforced property rights, wider access to saving and risk-sharing instruments is accompanied by a reduction in poverty. Only once property rights grow stronger is credit associated with lower poverty
UR  - http://elibrary.worldbank.org/doi/book/10.1596/1813-9450-7559
ER  -