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This paper explores the relationship between a large government cash transfer programme, changes in inequality, and political participation in Mexico. The results show that increases in the coverage of the programme during the 2008 financial crisis resulted in greater individual participation in...
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the impact of financial liberalization on inequality. Also the quality of political institutions conditions the impact of … financial liberalization on income inequality, in contrast to the quality of economic institutions. Our main findings are robust …
Persistent link: https://www.econbiz.de/10011536253
the impact of financial liberalization on inequality. Also the quality of political institutions conditions the impact of … financial liberalization on income inequality, in contrast to the quality of economic institutions. Our main findings are robust …
Persistent link: https://www.econbiz.de/10011537295
Using a panel dataset of 26 advanced economies over the five decades preceding the Covid crisis, we show that inequality rises following recessions and that rapid credit growth in the run up to a downturn exacerbates that effect. A one standard deviation credit boom leads to a 40% amplification...
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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...
Persistent link: https://www.econbiz.de/10012153778
Economic Crisis and Democracy during the Great Depression -- 3 Institutions: Polarized Domestic Conflicts and Weak …Cover -- Contents -- Acknowledgments -- INTRODUCTION. Institutions, Interests, and Ideas in Explaining Regime Change … -- 1 Financial Shocks, Economic Crises, and Democracy: Theory and Practice -- PART I. GREAT DEPRESSION, 1929-34 -- 2 …
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