Financial Development and Poverty Alleviation: Issues and Policy Implications for Developing and Transition Countries

40 Pages Posted: 1 Feb 2006

See all articles by Paul Holden

Paul Holden

The Enterprise Research Institute

Vassili Prokopenko

International Monetary Fund (IMF) - Monetary and Financial Systems Department

Date Written: October 2001

Abstract

This paper reviews current thinking on the relationship between financial development and poverty alleviation - a subject that has grown increasingly important in the policy prescriptions of the IMF and other international financial institutions in recent years. Although work on this issue is far from over, some important lessons can be learned from the existing evidence. The paper reflects on these lessons and looks at some of the policy implications of the analysis.

Keywords: financial development, poverty alleviation

JEL Classification: G20, O10

Suggested Citation

Holden, Paul and Prokopenko, Vassili, Financial Development and Poverty Alleviation: Issues and Policy Implications for Developing and Transition Countries (October 2001). IMF Working Paper No. 01/160, Available at SSRN: https://ssrn.com/abstract=879992

Paul Holden (Contact Author)

The Enterprise Research Institute ( email )

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97041 5323 6 (Phone)

HOME PAGE: http://www.erinstitute.org

Vassili Prokopenko

International Monetary Fund (IMF) - Monetary and Financial Systems Department ( email )

Washington, DC
United States

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