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RESEARCH PRODUCT
How do Banking Crises Impact on Income Inequality?
Ricardo M. SousaLuca Agnellosubject
Economics and EconometricsInequality banking crisis financial depth government size.Comprehensive incomeInequalityEconomic policymedia_common.quotation_subjectBanking crisisSocial SciencesDistribution (economics)jel:E44Monetary economicsjel:E25Economic inequalityIncome distributioninequality banking crisis financial depth government size0502 economics and businessEconomics050207 economicsFinancial depth10. No inequalitymedia_commonGovernment050208 financebusiness.industry05 social sciences1. No povertySettore SECS-P/02 Politica Economicajel:H12Banking sectorGovernment sizeInequalityIncome inequality metrics8. Economic growthjel:G18businessdescription
We show that banking crises have an important effect on income distribution: inequality increases before banking crisis episodes and sharply declines afterwards. We also find that, while a large government size does not per se seem to reduce inequality, a rise in financial depth (i.e. better access to credit provided by the banking sector) contributes to a more equal distribution of income.
| year | journal | country | edition | language |
|---|---|---|---|---|
| 2012-10-01 |