View metadata
| dc.title | Financial Development, Growth, and Inequality: The Role of Institutions in Latin America and the Caribbean |
| dc.contributor.author | Beck, Thorsten |
| dc.contributor.author | Fernández Díez, María Carmen |
| dc.contributor.author | Támola, Alejandro |
| dc.contributor.orgunit | Connectivity, Markets and Finance Division |
| dc.coverage | Latin America and the Caribbean |
| dc.date.available | 2024-02-27T00:02:00 |
| dc.date.issue | 2024-02-27T00:02:00 |
| dc.description.abstract | This publication explores the relationships between institutions, financial development, and income inequality. It assesses the extent of reforms that can promote financial development and argues that institutional improvements capable of increasing financial development can simultaneously mitigate income inequality. This work, focusing on the Latin American and Caribbean region, uses a broad set of measures of financial development, financial institutions, and capital markets. It employs a comprehensive set of inequality indicators and income definitions, as well an econometric model of the financial possibility frontier, to demonstrate that institutions contributing to financial development also help reduce income inequality. |
| dc.format.extent | 94 |
| dc.identifier.doi | http://dx.doi.org/10.18235/0005668 |
| dc.identifier.url | https://publications.iadb.org/publications/english/document/Financial-Development-Growth-and-Inequality-The-Role-of-Institutions-in-Latin-America-and-the-Caribbean.pdf |
| dc.identifier.url | https://publications.iadb.org/publications/spanish/document/Desarrollo-financiero-crecimiento-y-desigualdad-el-rol-de-las-instituciones-en-America-Latina-y-el-Caribe.pdf |
| dc.language.iso | en |
| dc.publisher | Inter-American Development Bank |
| dc.subject | Equality |
| dc.subject | Income Equality |
| dc.subject | Economy |
| dc.subject | Sustainable Growth |
| dc.subject | Income Distribution |
| dc.subject | Financial Market |
| dc.subject | Equality of Opportunity |
| dc.subject | Structural Equality |
| dc.subject | Gross Domestic Product |
| dc.subject.jelcode | G20 - Financial Institutions and Services: General |
| dc.subject.jelcode | O16 - Financial Markets • Saving and Capital Investment • Corporate Finance and Governance |
| dc.subject.jelcode | O19 - International Linkages to Development • Role of International Organizations |
| dc.subject.jelcode | O43 - Institutions and Growth |
| dc.subject.jelcode | O54 - Latin America • Caribbean |
| dc.subject.keywords | financial development;institutions;equity;growth;Latin American and Caribbeancountries;reforms;income inequality |
| dc.type | Monographs |
| idb.identifier.pubnumber | IDB-MG-01148 |
| idb.operation | RG-T3743 |