期刊名称：International Research Journal of Finance and Economics
印刷版ISSN：1450-2887
电子版ISSN：1450-2887
出版年度：2018
期号：170
页码：77-91
出版社：European Journals Inc.
摘要：The overall objective of this paper is to examine the existence of a relationship between financial liberalization, inflation and poverty. The link between financial liberalization and poverty is of two types, a direct link and an indirect one. The first is the McKinnon effect, and the second is through economic growth that reduces poverty. We use an empirical investigation containing three econometric studies of three samples from developing countries, namely 19 low-income countries, 47 middle-income countries, and the total sample grouping the first two samples. The study uses annual from 1985 to 2013. The findings show that poverty is a persistent phenomenon, with the current level of poverty influenced by its preceding level. As for financial development, an increase in its level is found to reduce reduction poverty. This result confirms the conclusions reached by Mc Kinnon's work. However, financial development goes hand-in-hand with financial instability, which undermines the level of well-being and increases poverty, like inflation.
