Financial reforms and income inequality: evidence from developing countries

Kwamivi Gomado

No wp-2023-88, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: The current context of the COVID-19 pandemic has exposed the most vulnerable socio-economic groups to greater financial risk and thus could lead to exacerbating income inequality. The crisis creates an opportunity to demand further structural and systemic reforms for redistributive justice. Our paper explores the distributional consequences of financial liberalization reforms implemented over the past four decades in 64 emerging and low-income countries.

Keywords: Reforms; Financial liberalization; Income inequality; Business cycles (search for similar items in EconPapers)
Date: 2023
New Economics Papers: this item is included in nep-ban and nep-fdg
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