Financial Development and Poverty Alleviation: Issues and Policy Implications for Developing and Transition Countries

Vassili Prokopenko and Paul Holden

No 2001/160, IMF Working Papers from International Monetary Fund

Abstract: This paper reviews current thinking on the relationship between financial development and poverty alleviation-a subject that has grown increasingly important in the policy prescriptions of the IMF and other international financial institutions in recent years. Although work on this issue is far from over, some important lessons can be learned from the existing evidence. The paper reflects on these lessons and looks at some of the policy implications of the analysis.

Keywords: WP; state involvement; private sector; state divestiture; state withdrawal; interest rate; financial development; poverty alleviation; credit scoring; poverty issue; adverse selection; real value; market share; poverty-growth relationship; Financial sector development; Personal income; Credit; Poverty reduction; Eastern Europe; South Asia; Europe; Caribbean (search for similar items in EconPapers)
Pages: 40
Date: 2001-10-01
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Citations: View citations in EconPapers (32)

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