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dc.contributor.authorAddison, Tonyen_US
dc.contributor.authorLeBillon, Philippeen_US
dc.contributor.authorMurshed, S. Mansooben_US
dc.date.accessioned2011-12-14T09:43:07Z-
dc.date.available2011-12-14T09:43:07Z-
dc.date.issued2001en_US
dc.identifier.urihttp://hdl.handle.net/10419/52895-
dc.description.abstractThe relationship between an economy's financial sector and the occurrence and resolution of conflict may at first sight appear tenuous. Banking systems, financial regulation and currency arrangements do not appear to be relevant in understanding why nations collapse or why people kill each other. However, the linkages between the financial sector and issues of conflict are closer than one might expect. Narrow development—development that fails to reduce poverty and which exacerbates initial inequalities—is an important cause of conflict (but, needless to say, not the only one). Narrow development must be financed—and it is financed in ways that increase poverty and inequality and raise a society's propensity to violent conflict. During conflict, finance (both internal and external) can be decisive in determining who wins, as well as the duration of war. Rebuilding the financial system is important to reconstruction from war, since otherwise private investment is constrained. But ‘post-conflict’ economies generally have weak regulatory authorities, and the financial system may be flooded with unsound loans, leading to economic problems that can endanger economic recovery and therefore peace. – aid ; conflict ; financial development ; sub-Saharan Africaen_US
dc.language.isoengen_US
dc.publisherUNU-WIDER Helsinkien_US
dc.relation.ispartofseriesWIDER Discussion Papers // World Institute for Development Economics (UNU-WIDER) 2001/44en_US
dc.subject.jelO10en_US
dc.subject.jelO55en_US
dc.subject.ddc330en_US
dc.subject.stwFinanzsektoren_US
dc.subject.stwKriegsschadenen_US
dc.subject.stwZentralafrikaen_US
dc.subject.stwPolitischer Konflikten_US
dc.titleFinance in conflict and reconstructionen_US
dc.typeWorking Paperen_US
dc.identifier.ppn333441346en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:WIDER Discussion Papers, United Nations University (UNU)

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