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Does Financial Structure Matter for Poverty? : Evidence from Developing Countries / Kangni Kpodar
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Kpodar, Kangni
- Series:
- Policy research working papers.
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Access to Finance.
- Banks & Banking Reform.
- Debt Markets.
- Developing countries.
- Economic Theory & Research.
- Emerging Markets.
- Finance and Financial Sector Development.
- Financial development.
- Financial structure.
- Income distribution.
- Macroeconomics and Economic Growth.
- Poverty alleviation.
- Local Subjects:
- Access to Finance.
- Banks & Banking Reform.
- Debt Markets.
- Developing countries.
- Economic Theory & Research.
- Emerging Markets.
- Finance and Financial Sector Development.
- Financial development.
- Financial structure.
- Income distribution.
- Macroeconomics and Economic Growth.
- Poverty alleviation.
- Physical Description:
- 1 online resource (27 pages)
- Other Title:
- Does Financial Structure Matter for Poverty?
- Place of Publication:
- Washington, D.C., The World Bank, 2011
- System Details:
- data file
- Summary:
- Although there has been research looking at the relationship between the structure of the financial system and economic growth, much less work has dealt with the importance of bank-based versus market-based financial systems for poverty and income distribution. Empirical evidence has indicated that the structure of the financial system has little relevance for economic growth, suggesting that the same could be true for poverty since growth is an important driver in reducing poverty. Some theories, however, claim that, by reducing information and transaction costs, the development of bank-based financial systems could exert a particularly large impact on the poor. This paper looks at a sample of 47 developing economies from 1984 through 2008. The results suggest that when institutions are weak, bank-based financial systems are better at reducing poverty and, as institutions develop, market-based financial systems can turn out to be beneficial for the poor.
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