Financial Liberalization and the Geography of Poverty

Posted: 4 Jul 2009

See all articles by Philip Arestis

Philip Arestis

University of Cambridge - Department of Land Economy; Universidad del País Vasco (UPV/EHU)

Asena Caner

affiliation not provided to SSRN

Date Written: July 2009

Abstract

We investigate the possibility of further channels through which financial liberalization policies might affect poverty and discuss how various factors have produced varying outcomes in different countries. The growth channel is the only one widely accepted in the literature. We suggest that three further channels should be added to the list: the financial crises channel, the access to credit and financial services channel and the income share of labour channel. We discuss how these channels operate differently in different countries. As far as we know, no attempt has been made previously in the literature to go beyond the growth channel.

Keywords: financial liberalization, poverty, channels of influence

JEL Classification: I32, O16

Suggested Citation

Arestis, Philip and Caner, Asena, Financial Liberalization and the Geography of Poverty (July 2009). Cambridge Journal of Regions, Economy and Society, Vol. 2, Issue 2, pp. 229-244, 2009. Available at SSRN: https://ssrn.com/abstract=1429247 or http://dx.doi.org/10.1093/cjres/rsp012

Philip Arestis (Contact Author)

University of Cambridge - Department of Land Economy ( email )

19 Silver Street
Cambridge, CB3 9EP
United Kingdom

Universidad del País Vasco (UPV/EHU)

Barrio Sarriena s/n
Leioa, Bizkaia 48940
Spain

Asena Caner

affiliation not provided to SSRN ( email )

Here is the Coronavirus
related research on SSRN

Paper statistics

Abstract Views
366
PlumX Metrics