Financial Liberalization and Poverty: Channels of Influence

Levy Economics Institute Working Paper No. 411

29 Pages Posted: 27 Jul 2004

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 2004

Abstract

Financial development and its effects on the economic development of a country has recently been one of the most prolific areas of research in the fields of development, finance, and international economics. So far, however, very little work has been done to analyze comprehensively the relationship between financial liberalization and poverty. There is still controversy about the exact role and the effectiveness of financial liberalization on improving economic conditions in developing countries. This paper aims to contribute to this debate by critically reviewing the relevant literature and looking closely at the channels through which financial liberalization can affect poverty.

Keywords: Financial liberalization, economic development, poverty

JEL Classification: O16, I32

Suggested Citation

Arestis, Philip and Caner, Asena, Financial Liberalization and Poverty: Channels of Influence (July 2004). Levy Economics Institute Working Paper No. 411. Available at SSRN: https://ssrn.com/abstract=569663 or http://dx.doi.org/10.2139/ssrn.569663

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 )

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