Delis, M. D., Hasan, I. and Kazakis, P. (2014) Bank regulations and income inequality: empirical evidence. Review of Finance, 18(5), pp. 1811-1846. (doi: 10.1093/rof/rft039)
Full text not currently available from Enlighten.
Abstract
This article provides cross-country evidence that variations in bank regulatory policies result in differences in income distribution. In particular, the overall liberalization of banking systems decreases income inequality significantly. However, this effect becomes insignificant for countries with low levels of economic and institutional development and for market-based economies. Among liberalization policies, credit and interest rate controls have the most significant negative effect on inequality. Privatizations and liberalization of international capital flows also decrease income inequality; the latter also increases the income share of the relatively poor. In contrast, liberalization of securities markets increases income inequality substantially.
Item Type: | Articles |
---|---|
Status: | Published |
Refereed: | Yes |
Glasgow Author(s) Enlighten ID: | Kazakis, Dr Pantelis |
Authors: | Delis, M. D., Hasan, I., and Kazakis, P. |
College/School: | College of Social Sciences > Adam Smith Business School > Accounting and Finance |
Journal Name: | Review of Finance |
Publisher: | Oxford University Press |
ISSN: | 1572-3097 |
ISSN (Online): | 1573-692X |
Published Online: | 03 October 2013 |
University Staff: Request a correction | Enlighten Editors: Update this record