@inproceedings{11c115cb2ea54f5596e619b6be3bac0f,
title = "Finance and poverty : evidence from panel study (340203)",
abstract = "This paper presents empirical evidence of direct relationship between financial development and poverty. A poverty determination model is considered which integrates financial development and financial instability. Using panel data for 68 developing countries over the period 1980-2004, the study finds that on average financial development is conducive for poverty reduction but the instability accompanying financial development is detrimental to the poor. This outcome only holds when financial development is measured by the ratio of money to GDP (M3-GDP) and not by the credit-GDP ratio.",
keywords = "finance, poverty, gross domestic product, developing countries, economic development",
author = "Daly, {Kevin James} and Selim Akhter and Andrew Burge",
year = "2007",
language = "English",
publisher = "University of Louisville",
booktitle = "Conference Proceedings : Hawaii International Conference on Social Sciences",
note = "Hawaii International Conference on Social Sciences ; Conference date: 01-01-2007",
}
