This study aims to investigate the validity of the Rajan hypothesis, which argues that increasing income inequality plays a key role in the outbreak of financial crises. The relationship between income inequality and credit booms are examined in 10 developed countries: Australia, Canada,...

This chapter aims to investigate the impact of natural resource abundance on capital flight in 10 African countries. For this purpose, the effects of natural resources rents, corruption index, total external debt stocks, and exchange rate on capital flight are examined for the period from 1990...

Reducing income inequality and enhancing access to financial institutions play a vital role in achieving the Sustainable Development Goal 10, especially in developing countries. While there are studies on the nexus between financial development and economic growth, literature on financial...