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

Author/Editor:

Vassili Prokopenko ; Paul Holden

Publication Date:

October 1, 2001

Electronic Access:

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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

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.

Series:

Working Paper No. 2001/160

Subject:

Credit Financial markets Financial sector development Financial services Money National accounts Personal income Poverty Poverty reduction

English

Publication Date:

October 1, 2001

ISBN/ISSN:

9781451857740/1018-5941

Stock No:

WPIEA1602001

Pages:

40

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