Series: IMF Working Papers
Author(s): Sylviane Guillaumont Jeanneney , and Kangni Kpodar
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 March 2008
Keywords: Financial development, McKinnon conduit effect, financial instability, gdp per capita, bond, growth rate,
This article investigates how financial development helps to reduce poverty directly through the McKinnon conduit effect and indirectly through economic growth. The results obtained with data for a sample of develo...