There is dense literature on the relationship between financial sector development (FSD) and income inequality. However, most of these studies employ a depth measure of FSD. This study argues that different components of FSD have a heterogenous impact on income inequality. This study first...

This study introduces the general situation of Hungarian SMEs, describing their main problems, their regulatory environment and the impacts of the developmental support appropriated for them between 2004 and 2008.

There is dense literature on the relationship between financial sector development (FSD) and income inequality. However, most of these studies employ a depth measure of FSD. This study argues that different components of FSD have a heterogenous impact on income inequality. This study first...

The determinants of the usage of the formal versus the informal financial sector within the BRICS countries are analysed. Regression tree and probit methods are applied to a subset of observations from the 2021 Global Findex database. Results of these different methods are robust and complement...

The COVID-19 pandemic caused a severe economic shock to which governments responded by announcing large-scale recovery packages with magnitudes unseen before. While some of these policies have been expected to have positive environmental outcomes (“green” policies), most of them have not...

There exists a vast empirical literature on Financial Sector Development (FSD) and the income inequality nexus; however, it lacks consensus. To study this, 24 studies with 87 regression estimates on financial institution depth and income inequality were collected. This paper used the most common...

The COVID-19 pandemic caused a severe economic shock to which governments responded by announcing large-scale recovery packages with magnitudes unseen before. While some of these policies have been expected to have positive environmental outcomes ("green" policies), most of them have not been...

The four strands of literature on the effects of FSD on income inequality allude to conflicting theoretical predictions. The major limitation of the previous studies is that they use financial institution depth measures as a proxy of aggregated FSD indicators. Financial depth alone does not...