Financial Liberalization and Poverty: Channels of Influence

  • Philip Arestis
  • Asena Caner
Part of the International Papers in Political Economy Series book series (IPPE)


This chapter examines the channels of influence on poverty of financial liberalization policies. Financial development and its effects on the economic development of a country has recently been one of the most prolific areas of research in the fields of development, finance and international economics. However, so far, very little work has been done to analyse comprehensively the relationship between financial liberalization and poverty. There is still controversy about the exact role and the effectiveness of financial liberalization on improving economic conditions in developing countries. This chapter aims to contribute to this debate by critically reviewing the relevant literature and looking closely at the channels through which financial liberalization can affect poverty.


Interest Rate Stock Market Financial Institution Financial Service Financial Development 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


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Copyright information

© Philip Arestis and Asena Caner 2005

Authors and Affiliations

  • Philip Arestis
    • 1
  • Asena Caner
    • 2
  1. 1.Levy Economics InstituteUniversity of CambridgeUK
  2. 2.Levy Economics InstituteUK

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