Researchers find trade-off between financial sector development and inequality
Financial sector development negatively impacts inequality, BIS paper says
Once the financial sector develops beyond a certain point income inequality starts to increase, a team of researchers say in a Bank for International Settlements working paper.
Michael Brei, Giovanni Ferri and Leonardo Gambacorta investigate financial development in terms of depth, access and efficiency using data from 97 countries from 1989 to 2012. They analyse this against evidence of income inequality over the same period.
The researchers find financial development, up to a certain point
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