Banking Sector Crises and Inequality

An apparent temporary narrowing of income inequality has been observed during several recent banking crises. But it would be a mistake to conclude that such crises don't matter for the poor. For one thing, the correlation is not strong, and the opposite pattern has also been present. Besides, the poor are much less able to absorb a cut in income: safety-net policies are crucial during a downturn even if the gap between rich and poor has temporarily narrowed. More fundamentally, distributional shifts during the crisis may be less important than the fact that underlying financial policy and infrastructures conducive to crisis can also be associated with more unequal societies.

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Bibliographic Details
Main Author: Honohan, Patrick
Language:English
Published: World Bank, Washington, DC 2005-07
Subjects:ABSOLUTE POVERTY, ADVERSE EFFECTS, BANK DEPOSITS, BANKING SECTOR, BANKING SYSTEM, BANKING SYSTEMS, BANKRUPTCY, BENCHMARK, CENTRAL BANK, CORRUPTION, COUNTRY DATA, COUNTRY DUMMIES, CRISES, CROSS-COUNTRY ANALYSIS, CROSS-COUNTRY DATA, CROSS-COUNTRY STUDY, CYCLICAL VOLATILITY, DATA SET, DEBT, DEPOSIT ACCOUNTS, DISTRIBUTIONAL CHANGES, DISTRIBUTIONAL EFFECTS, ECONOMIC CRISES, ECONOMIC DECLINE, ECONOMIC DOWNTURNS, ECONOMIC MECHANISMS, ECONOMIC SHOCKS, EMPIRICAL EVIDENCE, EMPIRICAL STUDIES, EQUILIBRIUM, EXOGENOUS SHOCKS, EXPENDITURES, EXPLANATORY VARIABLES, EXTERNAL IMBALANCES, EXTERNAL SHOCKS, EXTREME POVERTY, FINANCIAL ASSETS, FINANCIAL CRISES, FINANCIAL CRISIS, FINANCIAL DEPTH, FINANCIAL INSTITUTIONS, FINANCIAL LIBERALIZATION, FINANCIAL SECTOR, FOREIGN EXCHANGE, GDP, GDP PER CAPITA, GINI COEFFICIENT, GLOBAL VIEW, GNP, GNP PER CAPITA, GROWTH DATA, GROWTH RATES, HOUSEHOLD DATA, HOUSEHOLD INCOME, HOUSEHOLD INCOMES, HOUSEHOLD SURVEYS, IMPLYING, INCOME, INCOME DISTRIBUTION, INCOME GROUPS, INCOME INEQUALITY, INCOME LEVEL, INCOME LEVELS, INCOME SHARE, INCREASED INEQUALITY, INEQUALITY, INEQUALITY ESTIMATES, INEQUALITY MEASURES, INFLATION, INFLATION RATE, INFLATION TAX, INSURANCE, INTEREST RATE, INTEREST RATES, INVOLUNTARY UNEMPLOYMENT, LABOR MARKET, LABOR MARKETS, LATIN AMERICAN, LEGAL ORIGIN, LENDING RATES, LIQUIDITY, LIVING STANDARDS, LONG-TERM GROWTH, LORENZ CURVE, MACROECONOMIC ADJUSTMENTS, MACROECONOMIC CONDITIONS, MEAN INCOME, MEAN VALUE, MEASURED INEQUALITY, MEASUREMENT ERROR, MEDIAN INCOME, NATIONAL INCOME, NOMINAL INTEREST RATE, OUTPUT GAP, POLICY IMPLICATIONS, POLICY RESEARCH, POLICY VARIABLES, POOR PEOPLE, POSITIVE, POSITIVE EFFECT, POVERTY GAP, POVERTY HEADCOUNT, POVERTY IMPACT, POVERTY INCIDENCE, POVERTY INCREASES, POVERTY MEASURES, PRICE CHANGES, PRICE STABILITY, PRODUCERS, PRODUCTION GOODS, PROPERTY RIGHTS, PUBLIC INFRASTRUCTURE, PUBLIC SPENDING, PURCHASING POWER, QUANTITATIVE APPROACH, RATIONAL EXPECTATIONS, REAL EXCHANGE RATE, REAL INCOME, REAL WAGE, REAL WAGE RATES, REAL WAGES, REGRESSION ANALYSIS, RELATIVE DEMAND, RELATIVE PRICES, SECURITIES, SKEWED DISTRIBUTION, SKILLED WORKERS, STOCK PRICES, TAX REVENUES, TAXATION, TELEPHONE LINES, TERMS OF TRADE, TRANSITION ECONOMIES, UNEMPLOYMENT, WAGE RATES, WEALTH, WEALTH DISTRIBUTION, WELFARE EFFECTS, WELFARE FUNCTION,
Online Access:http://documents.worldbank.org/curated/en/2005/07/6045536/banking-sector-crises-inequality
https://hdl.handle.net/10986/8201
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spelling dig-okr-1098682012024-08-08T17:21:58Z Banking Sector Crises and Inequality Honohan, Patrick ABSOLUTE POVERTY ADVERSE EFFECTS BANK DEPOSITS BANKING SECTOR BANKING SYSTEM BANKING SYSTEMS BANKRUPTCY BENCHMARK CENTRAL BANK CORRUPTION COUNTRY DATA COUNTRY DUMMIES CRISES CROSS-COUNTRY ANALYSIS CROSS-COUNTRY DATA CROSS-COUNTRY STUDY CYCLICAL VOLATILITY DATA SET DEBT DEPOSIT ACCOUNTS DISTRIBUTIONAL CHANGES DISTRIBUTIONAL EFFECTS ECONOMIC CRISES ECONOMIC DECLINE ECONOMIC DOWNTURNS ECONOMIC MECHANISMS ECONOMIC SHOCKS EMPIRICAL EVIDENCE EMPIRICAL STUDIES EQUILIBRIUM EXOGENOUS SHOCKS EXPENDITURES EXPLANATORY VARIABLES EXTERNAL IMBALANCES EXTERNAL SHOCKS EXTREME POVERTY FINANCIAL ASSETS FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL DEPTH FINANCIAL INSTITUTIONS FINANCIAL LIBERALIZATION FINANCIAL SECTOR FOREIGN EXCHANGE GDP GDP PER CAPITA GINI COEFFICIENT GLOBAL VIEW GNP GNP PER CAPITA GROWTH DATA GROWTH RATES HOUSEHOLD DATA HOUSEHOLD INCOME HOUSEHOLD INCOMES HOUSEHOLD SURVEYS IMPLYING INCOME INCOME DISTRIBUTION INCOME GROUPS INCOME INEQUALITY INCOME LEVEL INCOME LEVELS INCOME SHARE INCREASED INEQUALITY INEQUALITY INEQUALITY ESTIMATES INEQUALITY MEASURES INFLATION INFLATION RATE INFLATION TAX INSURANCE INTEREST RATE INTEREST RATES INVOLUNTARY UNEMPLOYMENT LABOR MARKET LABOR MARKETS LATIN AMERICAN LEGAL ORIGIN LENDING RATES LIQUIDITY LIVING STANDARDS LONG-TERM GROWTH LORENZ CURVE MACROECONOMIC ADJUSTMENTS MACROECONOMIC CONDITIONS MEAN INCOME MEAN VALUE MEASURED INEQUALITY MEASUREMENT ERROR MEDIAN INCOME NATIONAL INCOME NOMINAL INTEREST RATE OUTPUT GAP POLICY IMPLICATIONS POLICY RESEARCH POLICY VARIABLES POOR PEOPLE POSITIVE POSITIVE EFFECT POVERTY GAP POVERTY HEADCOUNT POVERTY IMPACT POVERTY INCIDENCE POVERTY INCREASES POVERTY MEASURES PRICE CHANGES PRICE STABILITY PRODUCERS PRODUCTION GOODS PROPERTY RIGHTS PUBLIC INFRASTRUCTURE PUBLIC SPENDING PURCHASING POWER QUANTITATIVE APPROACH RATIONAL EXPECTATIONS REAL EXCHANGE RATE REAL INCOME REAL WAGE REAL WAGE RATES REAL WAGES REGRESSION ANALYSIS RELATIVE DEMAND RELATIVE PRICES SECURITIES SKEWED DISTRIBUTION SKILLED WORKERS STOCK PRICES TAX REVENUES TAXATION TELEPHONE LINES TERMS OF TRADE TRANSITION ECONOMIES UNEMPLOYMENT WAGE RATES WEALTH WEALTH DISTRIBUTION WELFARE EFFECTS WELFARE FUNCTION An apparent temporary narrowing of income inequality has been observed during several recent banking crises. But it would be a mistake to conclude that such crises don't matter for the poor. For one thing, the correlation is not strong, and the opposite pattern has also been present. Besides, the poor are much less able to absorb a cut in income: safety-net policies are crucial during a downturn even if the gap between rich and poor has temporarily narrowed. More fundamentally, distributional shifts during the crisis may be less important than the fact that underlying financial policy and infrastructures conducive to crisis can also be associated with more unequal societies. 2012-06-15T20:10:23Z 2012-06-15T20:10:23Z 2005-07 http://documents.worldbank.org/curated/en/2005/07/6045536/banking-sector-crises-inequality https://hdl.handle.net/10986/8201 English Policy Research Working Paper; No. 3659 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank application/pdf text/plain World Bank, Washington, DC
institution Banco Mundial
collection DSpace
country Estados Unidos
countrycode US
component Bibliográfico
access En linea
databasecode dig-okr
tag biblioteca
region America del Norte
libraryname Biblioteca del Banco Mundial
language English
topic ABSOLUTE POVERTY
ADVERSE EFFECTS
BANK DEPOSITS
BANKING SECTOR
BANKING SYSTEM
BANKING SYSTEMS
BANKRUPTCY
BENCHMARK
CENTRAL BANK
CORRUPTION
COUNTRY DATA
COUNTRY DUMMIES
CRISES
CROSS-COUNTRY ANALYSIS
CROSS-COUNTRY DATA
CROSS-COUNTRY STUDY
CYCLICAL VOLATILITY
DATA SET
DEBT
DEPOSIT ACCOUNTS
DISTRIBUTIONAL CHANGES
DISTRIBUTIONAL EFFECTS
ECONOMIC CRISES
ECONOMIC DECLINE
ECONOMIC DOWNTURNS
ECONOMIC MECHANISMS
ECONOMIC SHOCKS
EMPIRICAL EVIDENCE
EMPIRICAL STUDIES
EQUILIBRIUM
EXOGENOUS SHOCKS
EXPENDITURES
EXPLANATORY VARIABLES
EXTERNAL IMBALANCES
EXTERNAL SHOCKS
EXTREME POVERTY
FINANCIAL ASSETS
FINANCIAL CRISES
FINANCIAL CRISIS
FINANCIAL DEPTH
FINANCIAL INSTITUTIONS
FINANCIAL LIBERALIZATION
FINANCIAL SECTOR
FOREIGN EXCHANGE
GDP
GDP PER CAPITA
GINI COEFFICIENT
GLOBAL VIEW
GNP
GNP PER CAPITA
GROWTH DATA
GROWTH RATES
HOUSEHOLD DATA
HOUSEHOLD INCOME
HOUSEHOLD INCOMES
HOUSEHOLD SURVEYS
IMPLYING
INCOME
INCOME DISTRIBUTION
INCOME GROUPS
INCOME INEQUALITY
INCOME LEVEL
INCOME LEVELS
INCOME SHARE
INCREASED INEQUALITY
INEQUALITY
INEQUALITY ESTIMATES
INEQUALITY MEASURES
INFLATION
INFLATION RATE
INFLATION TAX
INSURANCE
INTEREST RATE
INTEREST RATES
INVOLUNTARY UNEMPLOYMENT
LABOR MARKET
LABOR MARKETS
LATIN AMERICAN
LEGAL ORIGIN
LENDING RATES
LIQUIDITY
LIVING STANDARDS
LONG-TERM GROWTH
LORENZ CURVE
MACROECONOMIC ADJUSTMENTS
MACROECONOMIC CONDITIONS
MEAN INCOME
MEAN VALUE
MEASURED INEQUALITY
MEASUREMENT ERROR
MEDIAN INCOME
NATIONAL INCOME
NOMINAL INTEREST RATE
OUTPUT GAP
POLICY IMPLICATIONS
POLICY RESEARCH
POLICY VARIABLES
POOR PEOPLE
POSITIVE
POSITIVE EFFECT
POVERTY GAP
POVERTY HEADCOUNT
POVERTY IMPACT
POVERTY INCIDENCE
POVERTY INCREASES
POVERTY MEASURES
PRICE CHANGES
PRICE STABILITY
PRODUCERS
PRODUCTION GOODS
PROPERTY RIGHTS
PUBLIC INFRASTRUCTURE
PUBLIC SPENDING
PURCHASING POWER
QUANTITATIVE APPROACH
RATIONAL EXPECTATIONS
REAL EXCHANGE RATE
REAL INCOME
REAL WAGE
REAL WAGE RATES
REAL WAGES
REGRESSION ANALYSIS
RELATIVE DEMAND
RELATIVE PRICES
SECURITIES
SKEWED DISTRIBUTION
SKILLED WORKERS
STOCK PRICES
TAX REVENUES
TAXATION
TELEPHONE LINES
TERMS OF TRADE
TRANSITION ECONOMIES
UNEMPLOYMENT
WAGE RATES
WEALTH
WEALTH DISTRIBUTION
WELFARE EFFECTS
WELFARE FUNCTION
ABSOLUTE POVERTY
ADVERSE EFFECTS
BANK DEPOSITS
BANKING SECTOR
BANKING SYSTEM
BANKING SYSTEMS
BANKRUPTCY
BENCHMARK
CENTRAL BANK
CORRUPTION
COUNTRY DATA
COUNTRY DUMMIES
CRISES
CROSS-COUNTRY ANALYSIS
CROSS-COUNTRY DATA
CROSS-COUNTRY STUDY
CYCLICAL VOLATILITY
DATA SET
DEBT
DEPOSIT ACCOUNTS
DISTRIBUTIONAL CHANGES
DISTRIBUTIONAL EFFECTS
ECONOMIC CRISES
ECONOMIC DECLINE
ECONOMIC DOWNTURNS
ECONOMIC MECHANISMS
ECONOMIC SHOCKS
EMPIRICAL EVIDENCE
EMPIRICAL STUDIES
EQUILIBRIUM
EXOGENOUS SHOCKS
EXPENDITURES
EXPLANATORY VARIABLES
EXTERNAL IMBALANCES
EXTERNAL SHOCKS
EXTREME POVERTY
FINANCIAL ASSETS
FINANCIAL CRISES
FINANCIAL CRISIS
FINANCIAL DEPTH
FINANCIAL INSTITUTIONS
FINANCIAL LIBERALIZATION
FINANCIAL SECTOR
FOREIGN EXCHANGE
GDP
GDP PER CAPITA
GINI COEFFICIENT
GLOBAL VIEW
GNP
GNP PER CAPITA
GROWTH DATA
GROWTH RATES
HOUSEHOLD DATA
HOUSEHOLD INCOME
HOUSEHOLD INCOMES
HOUSEHOLD SURVEYS
IMPLYING
INCOME
INCOME DISTRIBUTION
INCOME GROUPS
INCOME INEQUALITY
INCOME LEVEL
INCOME LEVELS
INCOME SHARE
INCREASED INEQUALITY
INEQUALITY
INEQUALITY ESTIMATES
INEQUALITY MEASURES
INFLATION
INFLATION RATE
INFLATION TAX
INSURANCE
INTEREST RATE
INTEREST RATES
INVOLUNTARY UNEMPLOYMENT
LABOR MARKET
LABOR MARKETS
LATIN AMERICAN
LEGAL ORIGIN
LENDING RATES
LIQUIDITY
LIVING STANDARDS
LONG-TERM GROWTH
LORENZ CURVE
MACROECONOMIC ADJUSTMENTS
MACROECONOMIC CONDITIONS
MEAN INCOME
MEAN VALUE
MEASURED INEQUALITY
MEASUREMENT ERROR
MEDIAN INCOME
NATIONAL INCOME
NOMINAL INTEREST RATE
OUTPUT GAP
POLICY IMPLICATIONS
POLICY RESEARCH
POLICY VARIABLES
POOR PEOPLE
POSITIVE
POSITIVE EFFECT
POVERTY GAP
POVERTY HEADCOUNT
POVERTY IMPACT
POVERTY INCIDENCE
POVERTY INCREASES
POVERTY MEASURES
PRICE CHANGES
PRICE STABILITY
PRODUCERS
PRODUCTION GOODS
PROPERTY RIGHTS
PUBLIC INFRASTRUCTURE
PUBLIC SPENDING
PURCHASING POWER
QUANTITATIVE APPROACH
RATIONAL EXPECTATIONS
REAL EXCHANGE RATE
REAL INCOME
REAL WAGE
REAL WAGE RATES
REAL WAGES
REGRESSION ANALYSIS
RELATIVE DEMAND
RELATIVE PRICES
SECURITIES
SKEWED DISTRIBUTION
SKILLED WORKERS
STOCK PRICES
TAX REVENUES
TAXATION
TELEPHONE LINES
TERMS OF TRADE
TRANSITION ECONOMIES
UNEMPLOYMENT
WAGE RATES
WEALTH
WEALTH DISTRIBUTION
WELFARE EFFECTS
WELFARE FUNCTION
spellingShingle ABSOLUTE POVERTY
ADVERSE EFFECTS
BANK DEPOSITS
BANKING SECTOR
BANKING SYSTEM
BANKING SYSTEMS
BANKRUPTCY
BENCHMARK
CENTRAL BANK
CORRUPTION
COUNTRY DATA
COUNTRY DUMMIES
CRISES
CROSS-COUNTRY ANALYSIS
CROSS-COUNTRY DATA
CROSS-COUNTRY STUDY
CYCLICAL VOLATILITY
DATA SET
DEBT
DEPOSIT ACCOUNTS
DISTRIBUTIONAL CHANGES
DISTRIBUTIONAL EFFECTS
ECONOMIC CRISES
ECONOMIC DECLINE
ECONOMIC DOWNTURNS
ECONOMIC MECHANISMS
ECONOMIC SHOCKS
EMPIRICAL EVIDENCE
EMPIRICAL STUDIES
EQUILIBRIUM
EXOGENOUS SHOCKS
EXPENDITURES
EXPLANATORY VARIABLES
EXTERNAL IMBALANCES
EXTERNAL SHOCKS
EXTREME POVERTY
FINANCIAL ASSETS
FINANCIAL CRISES
FINANCIAL CRISIS
FINANCIAL DEPTH
FINANCIAL INSTITUTIONS
FINANCIAL LIBERALIZATION
FINANCIAL SECTOR
FOREIGN EXCHANGE
GDP
GDP PER CAPITA
GINI COEFFICIENT
GLOBAL VIEW
GNP
GNP PER CAPITA
GROWTH DATA
GROWTH RATES
HOUSEHOLD DATA
HOUSEHOLD INCOME
HOUSEHOLD INCOMES
HOUSEHOLD SURVEYS
IMPLYING
INCOME
INCOME DISTRIBUTION
INCOME GROUPS
INCOME INEQUALITY
INCOME LEVEL
INCOME LEVELS
INCOME SHARE
INCREASED INEQUALITY
INEQUALITY
INEQUALITY ESTIMATES
INEQUALITY MEASURES
INFLATION
INFLATION RATE
INFLATION TAX
INSURANCE
INTEREST RATE
INTEREST RATES
INVOLUNTARY UNEMPLOYMENT
LABOR MARKET
LABOR MARKETS
LATIN AMERICAN
LEGAL ORIGIN
LENDING RATES
LIQUIDITY
LIVING STANDARDS
LONG-TERM GROWTH
LORENZ CURVE
MACROECONOMIC ADJUSTMENTS
MACROECONOMIC CONDITIONS
MEAN INCOME
MEAN VALUE
MEASURED INEQUALITY
MEASUREMENT ERROR
MEDIAN INCOME
NATIONAL INCOME
NOMINAL INTEREST RATE
OUTPUT GAP
POLICY IMPLICATIONS
POLICY RESEARCH
POLICY VARIABLES
POOR PEOPLE
POSITIVE
POSITIVE EFFECT
POVERTY GAP
POVERTY HEADCOUNT
POVERTY IMPACT
POVERTY INCIDENCE
POVERTY INCREASES
POVERTY MEASURES
PRICE CHANGES
PRICE STABILITY
PRODUCERS
PRODUCTION GOODS
PROPERTY RIGHTS
PUBLIC INFRASTRUCTURE
PUBLIC SPENDING
PURCHASING POWER
QUANTITATIVE APPROACH
RATIONAL EXPECTATIONS
REAL EXCHANGE RATE
REAL INCOME
REAL WAGE
REAL WAGE RATES
REAL WAGES
REGRESSION ANALYSIS
RELATIVE DEMAND
RELATIVE PRICES
SECURITIES
SKEWED DISTRIBUTION
SKILLED WORKERS
STOCK PRICES
TAX REVENUES
TAXATION
TELEPHONE LINES
TERMS OF TRADE
TRANSITION ECONOMIES
UNEMPLOYMENT
WAGE RATES
WEALTH
WEALTH DISTRIBUTION
WELFARE EFFECTS
WELFARE FUNCTION
ABSOLUTE POVERTY
ADVERSE EFFECTS
BANK DEPOSITS
BANKING SECTOR
BANKING SYSTEM
BANKING SYSTEMS
BANKRUPTCY
BENCHMARK
CENTRAL BANK
CORRUPTION
COUNTRY DATA
COUNTRY DUMMIES
CRISES
CROSS-COUNTRY ANALYSIS
CROSS-COUNTRY DATA
CROSS-COUNTRY STUDY
CYCLICAL VOLATILITY
DATA SET
DEBT
DEPOSIT ACCOUNTS
DISTRIBUTIONAL CHANGES
DISTRIBUTIONAL EFFECTS
ECONOMIC CRISES
ECONOMIC DECLINE
ECONOMIC DOWNTURNS
ECONOMIC MECHANISMS
ECONOMIC SHOCKS
EMPIRICAL EVIDENCE
EMPIRICAL STUDIES
EQUILIBRIUM
EXOGENOUS SHOCKS
EXPENDITURES
EXPLANATORY VARIABLES
EXTERNAL IMBALANCES
EXTERNAL SHOCKS
EXTREME POVERTY
FINANCIAL ASSETS
FINANCIAL CRISES
FINANCIAL CRISIS
FINANCIAL DEPTH
FINANCIAL INSTITUTIONS
FINANCIAL LIBERALIZATION
FINANCIAL SECTOR
FOREIGN EXCHANGE
GDP
GDP PER CAPITA
GINI COEFFICIENT
GLOBAL VIEW
GNP
GNP PER CAPITA
GROWTH DATA
GROWTH RATES
HOUSEHOLD DATA
HOUSEHOLD INCOME
HOUSEHOLD INCOMES
HOUSEHOLD SURVEYS
IMPLYING
INCOME
INCOME DISTRIBUTION
INCOME GROUPS
INCOME INEQUALITY
INCOME LEVEL
INCOME LEVELS
INCOME SHARE
INCREASED INEQUALITY
INEQUALITY
INEQUALITY ESTIMATES
INEQUALITY MEASURES
INFLATION
INFLATION RATE
INFLATION TAX
INSURANCE
INTEREST RATE
INTEREST RATES
INVOLUNTARY UNEMPLOYMENT
LABOR MARKET
LABOR MARKETS
LATIN AMERICAN
LEGAL ORIGIN
LENDING RATES
LIQUIDITY
LIVING STANDARDS
LONG-TERM GROWTH
LORENZ CURVE
MACROECONOMIC ADJUSTMENTS
MACROECONOMIC CONDITIONS
MEAN INCOME
MEAN VALUE
MEASURED INEQUALITY
MEASUREMENT ERROR
MEDIAN INCOME
NATIONAL INCOME
NOMINAL INTEREST RATE
OUTPUT GAP
POLICY IMPLICATIONS
POLICY RESEARCH
POLICY VARIABLES
POOR PEOPLE
POSITIVE
POSITIVE EFFECT
POVERTY GAP
POVERTY HEADCOUNT
POVERTY IMPACT
POVERTY INCIDENCE
POVERTY INCREASES
POVERTY MEASURES
PRICE CHANGES
PRICE STABILITY
PRODUCERS
PRODUCTION GOODS
PROPERTY RIGHTS
PUBLIC INFRASTRUCTURE
PUBLIC SPENDING
PURCHASING POWER
QUANTITATIVE APPROACH
RATIONAL EXPECTATIONS
REAL EXCHANGE RATE
REAL INCOME
REAL WAGE
REAL WAGE RATES
REAL WAGES
REGRESSION ANALYSIS
RELATIVE DEMAND
RELATIVE PRICES
SECURITIES
SKEWED DISTRIBUTION
SKILLED WORKERS
STOCK PRICES
TAX REVENUES
TAXATION
TELEPHONE LINES
TERMS OF TRADE
TRANSITION ECONOMIES
UNEMPLOYMENT
WAGE RATES
WEALTH
WEALTH DISTRIBUTION
WELFARE EFFECTS
WELFARE FUNCTION
Honohan, Patrick
Banking Sector Crises and Inequality
description An apparent temporary narrowing of income inequality has been observed during several recent banking crises. But it would be a mistake to conclude that such crises don't matter for the poor. For one thing, the correlation is not strong, and the opposite pattern has also been present. Besides, the poor are much less able to absorb a cut in income: safety-net policies are crucial during a downturn even if the gap between rich and poor has temporarily narrowed. More fundamentally, distributional shifts during the crisis may be less important than the fact that underlying financial policy and infrastructures conducive to crisis can also be associated with more unequal societies.
topic_facet ABSOLUTE POVERTY
ADVERSE EFFECTS
BANK DEPOSITS
BANKING SECTOR
BANKING SYSTEM
BANKING SYSTEMS
BANKRUPTCY
BENCHMARK
CENTRAL BANK
CORRUPTION
COUNTRY DATA
COUNTRY DUMMIES
CRISES
CROSS-COUNTRY ANALYSIS
CROSS-COUNTRY DATA
CROSS-COUNTRY STUDY
CYCLICAL VOLATILITY
DATA SET
DEBT
DEPOSIT ACCOUNTS
DISTRIBUTIONAL CHANGES
DISTRIBUTIONAL EFFECTS
ECONOMIC CRISES
ECONOMIC DECLINE
ECONOMIC DOWNTURNS
ECONOMIC MECHANISMS
ECONOMIC SHOCKS
EMPIRICAL EVIDENCE
EMPIRICAL STUDIES
EQUILIBRIUM
EXOGENOUS SHOCKS
EXPENDITURES
EXPLANATORY VARIABLES
EXTERNAL IMBALANCES
EXTERNAL SHOCKS
EXTREME POVERTY
FINANCIAL ASSETS
FINANCIAL CRISES
FINANCIAL CRISIS
FINANCIAL DEPTH
FINANCIAL INSTITUTIONS
FINANCIAL LIBERALIZATION
FINANCIAL SECTOR
FOREIGN EXCHANGE
GDP
GDP PER CAPITA
GINI COEFFICIENT
GLOBAL VIEW
GNP
GNP PER CAPITA
GROWTH DATA
GROWTH RATES
HOUSEHOLD DATA
HOUSEHOLD INCOME
HOUSEHOLD INCOMES
HOUSEHOLD SURVEYS
IMPLYING
INCOME
INCOME DISTRIBUTION
INCOME GROUPS
INCOME INEQUALITY
INCOME LEVEL
INCOME LEVELS
INCOME SHARE
INCREASED INEQUALITY
INEQUALITY
INEQUALITY ESTIMATES
INEQUALITY MEASURES
INFLATION
INFLATION RATE
INFLATION TAX
INSURANCE
INTEREST RATE
INTEREST RATES
INVOLUNTARY UNEMPLOYMENT
LABOR MARKET
LABOR MARKETS
LATIN AMERICAN
LEGAL ORIGIN
LENDING RATES
LIQUIDITY
LIVING STANDARDS
LONG-TERM GROWTH
LORENZ CURVE
MACROECONOMIC ADJUSTMENTS
MACROECONOMIC CONDITIONS
MEAN INCOME
MEAN VALUE
MEASURED INEQUALITY
MEASUREMENT ERROR
MEDIAN INCOME
NATIONAL INCOME
NOMINAL INTEREST RATE
OUTPUT GAP
POLICY IMPLICATIONS
POLICY RESEARCH
POLICY VARIABLES
POOR PEOPLE
POSITIVE
POSITIVE EFFECT
POVERTY GAP
POVERTY HEADCOUNT
POVERTY IMPACT
POVERTY INCIDENCE
POVERTY INCREASES
POVERTY MEASURES
PRICE CHANGES
PRICE STABILITY
PRODUCERS
PRODUCTION GOODS
PROPERTY RIGHTS
PUBLIC INFRASTRUCTURE
PUBLIC SPENDING
PURCHASING POWER
QUANTITATIVE APPROACH
RATIONAL EXPECTATIONS
REAL EXCHANGE RATE
REAL INCOME
REAL WAGE
REAL WAGE RATES
REAL WAGES
REGRESSION ANALYSIS
RELATIVE DEMAND
RELATIVE PRICES
SECURITIES
SKEWED DISTRIBUTION
SKILLED WORKERS
STOCK PRICES
TAX REVENUES
TAXATION
TELEPHONE LINES
TERMS OF TRADE
TRANSITION ECONOMIES
UNEMPLOYMENT
WAGE RATES
WEALTH
WEALTH DISTRIBUTION
WELFARE EFFECTS
WELFARE FUNCTION
author Honohan, Patrick
author_facet Honohan, Patrick
author_sort Honohan, Patrick
title Banking Sector Crises and Inequality
title_short Banking Sector Crises and Inequality
title_full Banking Sector Crises and Inequality
title_fullStr Banking Sector Crises and Inequality
title_full_unstemmed Banking Sector Crises and Inequality
title_sort banking sector crises and inequality
publisher World Bank, Washington, DC
publishDate 2005-07
url http://documents.worldbank.org/curated/en/2005/07/6045536/banking-sector-crises-inequality
https://hdl.handle.net/10986/8201
work_keys_str_mv AT honohanpatrick bankingsectorcrisesandinequality
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