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Finance And The Poor

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  • ROSS LEVINE

Abstract

The operation of the formal financial system is profoundly important for the poor. Financial development influences the degree to which economic opportunities are shaped by talent rather than by parental wealth. Considerably more research is needed on which formal financial sector policies boost aggregate economic efficiency, while simultaneously expanding the economic prospects of the poor.

Suggested Citation

  • Ross Levine, 2008. "Finance And The Poor," Manchester School, University of Manchester, vol. 76(s1), pages 1-13, September.
    • Handle: RePEc:bla:manchs:v:76:y:2008:i:s1:p:1-13
    DOI: 10.1111/j.1467-9957.2008.01078.x
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    7. Robert M. Townsend & Mr. Kenichi Ueda, 2003. "Financial Deepening, Inequality, and Growth: A Model-Based Quantitative Evaluation," IMF Working Papers 2003/193, International Monetary Fund.
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