Beck, Thorsten; Demirguc-Kunt, Asli; Levine, Ross - 2013
financial development is pro-poor: Does financial development disproportionately raise the income of the poor? Using a broad … cross-country sample, the authors find that the answer is yes: Financial intermediary development reduces income inequality … by disproportionately boosting the income of the poor and therefore reduces poverty. This result is robust to controlling …