Bellettini, G.; Delbono, F. - Dipartimento di Scienze Economiche, Alma Mater … - 2013
Differently from Atkinson and Morelli (2011) who detect no clear link between increases in income inequality and systemic banking crises, we show that a large majority of crises occurred between 1982 and 2008 have been preceded by persistently high levels of income inequality. Such association...