This paper studies the association between financial development, financial stability, and poverty for a sample of 109 … development, and only a few recent studies have looked at the effects of financial stability on poverty. However, none of the … existing studies has looked at the interaction effect of the two on poverty. Our contribution to this literature is manifold …

different types of financial crises impact the poverty headcount ratio and the poverty gap (as measured by the World Bank). Our … crises on poverty. We employ multivariate fixed effects panel data analysis in order to examine whether and to what extent … significantly exacerbate both the incidence and depth of poverty in the short run. We find evidence that banking crises are …