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Finance and Inequality
Mr.Martin CihakMs.Ratna Sahay
出版International Monetary Fund, 2020-01-17
主題Business & Economics / Economics / MacroeconomicsBusiness & Economics / Finance / GeneralBusiness & Economics / Industries / Financial Services
ISBN15135265459781513526546
URLhttp://books.google.com.hk/books?id=TK4YEAAAQBAJ&hl=&source=gbs_api
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註釋The study examines empirical relationships between income inequality and three features of finance: depth (financial sector size relative to the economy), inclusion (access to and use of financial services by individuals and firms), and stability (absence of financial distress). Using new data covering a wide range of countries, the analysis finds that the financial sector can play a role in reducing inequality, complementing redistributive fiscal policy. By expanding the provision of financial services to low-income households and small businesses, it can serve as a powerful lever in helping create a more inclusive society but—if not well managed—it can amplify inequalities.