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Financial Instability, Financial Development And Poverty

Author

Listed:
  • Ionescu Cristian

    (Adademy Of Economic Studies - Faculty Of Economics)

Abstract

There is a positive relationship between financial development and economic growth in short-run and long-run. Financial development is beneficial to the reduction of poverty. But the financial instability which accompanies financial development is is costly for the poor and reduces the positive effect of financial development on the reduction of poverty. The paper aims to analyze in detail the relationship and the (direct and indirect) effects between these variables, taking into account their economic and social importance. It is also highlighted the correlation between the financial economy and the real economy, emphasizing the impact on social welfare involved by the interaction of the above mentioned variables.

Suggested Citation

  • Ionescu Cristian, 2012. "Financial Instability, Financial Development And Poverty," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 4, pages 142-145, December.
    • Handle: RePEc:cbu:jrnlec:y:2012:v:4i:p:142-145
    as

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    References listed on IDEAS

    as
    1. Baddeley, M.C., 2008. "Poverty, Armed Conflict and Financial Instability," Cambridge Working Papers in Economics 0857, Faculty of Economics, University of Cambridge.
    2. Shahbaz, Muhammad & Malik, Muhammad Nasir, 2011. "Does financial instability weaken the finance-growth nexus? A case for Pakistan," MPRA Paper 28562, University Library of Munich, Germany.
    3. Sylviane GUILLAUMONT JEANNENEY & Kangni KPODAR, 2004. "Développement financier, instabilité financière et réduction de la pauvreté," Working Papers 200429, CERDI.
    Full references (including those not matched with items on IDEAS)

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