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The Impact of Financial Crises on the Poor

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journal contribution
posted on 30.11.2018, 15:34 by Johan Rewilak
Financial crises have detrimental impacts on the economy via depressed economic growth and rising unemployment, however, their impact on the poorest in society is relatively under‐researched. This paper investigates the impact of three different types of financial crises on the income of the poor. Using a variety of estimation techniques and controlling for a lagged dependent variable, the results suggest that currency crises are the most harmful to the poor, followed by banking crises. Debt crises only have a statistically significant effect on the income of the poor in richer countries.

Funding

Johan Rewilak acknowledges support of ESRC-DFID grant number ES/J009067/1.

History

Citation

Journal of International Development, 2018, 30(1), pp. 3-19

Version

VoR (Version of Record)

Published in

Journal of International Development

Publisher

Wiley for Development Studies Association

issn

0954-1748

eissn

1099-1328

Copyright date

2017

Available date

30/11/2018

Publisher version

https://onlinelibrary.wiley.com/doi/full/10.1002/jid.3334

Language

en

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