Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/313585 
Authors: 
Year of Publication: 
2017
Citation: 
[Journal:] Review of Development Finance [ISSN:] 2959-0930 [Volume:] 7 [Issue:] 2 [Year:] 2017 [Pages:] 169-176
Publisher: 
Elsevier, Amsterdam
Abstract: 
This paper investigates whether financial development is conducive in poverty reduction. Separating financial development into four categories and using newly available data this paper finds that both financial deepening and greater physical access is beneficial in reducing the proportion of people below the poverty line. Using alternative measures of financial instability, the results also challenge existing findings that it may increase the incidence of poverty. In addition, the results remain robust even when controlling for mobile money, providing a further valuable contribution to the literature.
Subjects: 
Financial development
Poverty reduction
Mobile money
JEL: 
G21
I3
O16
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article

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