IMF paper explores impact of financial development on wealth dispersion
Authors suggest lower access barriers and a deeper market can “greatly improve” welfare
Making the Chinese financial market deeper and more accessible has led to a more equal distribution of wealth and financial assets, according to a working paper published by the International Monetary Fund.
In Inflation, Financial Developments, and Wealth Distribution, Wai-Yip Alex Ho and Chun-Yu Ho study the effect of inflation and financial market development on wealth dispersion, focusing on China between 1995 and 2002.
"Our results suggest that lowering access barriers to the financial
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