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Bank regulations and income inequality: Empirical evidence

Delis, MD, Hasan, I and Kazakis, P (2014) Bank regulations and income inequality: Empirical evidence Review of Finance, 18 (5). pp. 1811-1846.

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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: Article
Divisions : Faculty of Arts and Social Sciences > Surrey Business School
Authors :
AuthorsEmailORCID
Delis, MDUNSPECIFIEDUNSPECIFIED
Hasan, IUNSPECIFIEDUNSPECIFIED
Kazakis, PUNSPECIFIEDUNSPECIFIED
Date : 3 April 2014
Additional Information : Copyright 2013 Oxford University Press. This is a pre-copyedited, author-produced PDF of an article accepted for publication in Review of Finance following peer review. The version of record (Review of Finance (2014) 18 (5): 1811-1846. doi: 10.1093/rof/rft039) is available online at: http://dx.doi.org/10.1093/rof/rft039
Depositing User : Symplectic Elements
Date Deposited : 28 Nov 2014 18:19
Last Modified : 03 Apr 2016 01:08
URI: http://epubs.surrey.ac.uk/id/eprint/806746

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