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Book Cover
Author Baldacci, Emanuele.

Title Financial crises, poverty, and income distribution / Emanuele Baldacci, Luiz de Mello, and Gabriele Inchauste
Published [Washington, D.C.] : International Monetary Fund, [2002]
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Description 1 online resource (46 pages) : illustrations
Series IMF working paper ; WP/02/4
IMF working paper ; WP/02/4
Summary Developing and transition economies are prone to financial crises, including balance of payments and banking crises. These crises affect poverty and the distribution of income through a variety of channels: slowdowns in economic activity, relative price changes, and fiscal retrenchment, among others. This paper deals with the impact of financial crises on the incidence of poverty and income distribution, and discusses policy options that can be considered by governments in the aftermath of crises. Empirical evidence, based on both macro- and microlevel data, shows that financial crises are associated with an increase in poverty and, in some cases, income inequality. The provison of targeted safety nets and the protection of specific social programs from fiscal retrenchment remain the main short-term propoor policy responses to financial crises
Bibliography Includes bibliographical references (pages 43-46)
Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. MiAaHDL
digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL
Print version record
Subject Balance of payments -- Developing countries.
Banks and banking -- Developing countries.
Financial crises -- Developing countries.
Income distribution -- Developing countries -- Effect of financial crises on
Poverty -- Developing countries -- Effect of financial crises on
Form Electronic book
Author Inchauste, Gabriela.
Mello, Luiz R. de.
International Monetary Fund. Fiscal Affairs Department.
ISBN 1281603341