Publication:
Financial Channels, Property Rights, and Poverty: A Sub-Saharan African Perspective

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dc.contributor.authorSingh, Raju Jan
dc.contributor.authorHuang, Yifei
dc.date.accessioned2016-03-08T23:23:56Z
dc.date.available2016-03-08T23:23:56Z
dc.date.issued2016-02
dc.description.abstractStudies on the link between financial development and poverty have been inconclusive. Some claim that deeper financial sectors should improve the allocation of capital by allowing entrepreneurs greater access to finance, which should particularly favor the poor. Others argue that improvements in the financial system primarily benefit the rich and politically connected. The literature has also been ambiguous about the channels through which finance may be associated with lower poverty (deposits versus credit). Looking at a sample of 37 countries in Sub-Saharan Africa from 1992 through 2006, the paper suggests that financial deepening is associated with lower poverty through different channels depending on the strength of property rights. In the absence of well-defined and enforced property rights, wider access to saving and risk-sharing instruments is accompanied by a reduction in poverty. Only once property rights grow stronger is credit associated with lower poverty.en
dc.identifierhttp://documents.worldbank.org/curated/en/2016/02/25884473/financial-channels-property-rights-poverty-sub-saharan-african-perspective
dc.identifier.doi10.1596/1813-9450-7559
dc.identifier.urihttps://hdl.handle.net/10986/23887
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 7559
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectCREDIT MARKETS
dc.subjectDEPOSIT
dc.subjectFINANCIAL SERVICES
dc.subjectECONOMIC GROWTH
dc.subjectDEPOSITS
dc.subjectBROAD MONEY
dc.subjectLEGAL ENVIRONMENT
dc.subjectDEFAULTS
dc.subjectDEBTORS
dc.subjectINTEREST
dc.subjectINTEREST RATE
dc.subjectPROPERTY RIGHTS
dc.subjectPRIVATE CREDIT
dc.subjectEXCHANGE
dc.subjectBANKING SYSTEM
dc.subjectPOOL OF BORROWERS
dc.subjectLIQUIDITY
dc.subjectDEVELOPING COUNTRIES
dc.subjectENTREPRENEURS
dc.subjectPOLITICAL ECONOMY
dc.subjectDEPOSIT MONEY BANKS
dc.subjectACCESS TO SAVING
dc.subjectLOAN
dc.subjectDURABLE ASSETS
dc.subjectBORROWERS
dc.subjectPRIVATE PROPERTY
dc.subjectPROBABILITY OF REPAYMENT
dc.subjectDUMMY VARIABLE
dc.subjectSAVING
dc.subjectCENTRAL BANKS
dc.subjectCREDITORS
dc.subjectINFLATION
dc.subjectINTERNATIONAL BANK
dc.subjectCREDITOR
dc.subjectINSTRUMENTS
dc.subjectINTEREST RATES ON LOANS
dc.subjectLEGAL SYSTEMS
dc.subjectALLOCATION OF CAPITAL
dc.subjectFINANCIAL INSTITUTION
dc.subjectCOMMERCIAL BANK
dc.subjectCONTRACT ENFORCEMENT
dc.subjectRISK DIVERSIFICATION
dc.subjectBANK ASSETS
dc.subjectCONTRACTS
dc.subjectINCOME INEQUALITY
dc.subjectINTEREST RATES
dc.subjectMONETARY FUND
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectMARKETS
dc.subjectMORAL SUASION
dc.subjectRETURN
dc.subjectINFLATION RATE
dc.subjectCREDITOR RIGHTS
dc.subjectCOMMERCIAL BANK ASSETS
dc.subjectLENDERS
dc.subjectLOANS
dc.subjectRISK SHARING
dc.subjectINFORMATION ON BORROWERS
dc.subjectBANK CREDIT
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectRULE OF LAW
dc.subjectFINANCIAL SYSTEM
dc.subjectFINANCE
dc.subjectBANK POLICY
dc.subjectINFORMATION ASYMMETRY
dc.subjectTRANSACTIONS
dc.subjectMACROECONOMIC ENVIRONMENT
dc.subjectINVESTORS
dc.subjectHUMAN CAPITAL
dc.subjectPROPERTY RIGHT
dc.subjectCREDIT CONSTRAINTS
dc.subjectGOOD
dc.subjectCAPITAL
dc.subjectINTERNATIONAL FINANCIAL STATISTICS
dc.subjectTRANSPARENCY
dc.subjectFINANCIAL STABILITY
dc.subjectLACK OF ACCESS
dc.subjectLLC
dc.subjectFUTURE
dc.subjectACCESS TO FINANCE
dc.subjectBANK
dc.subjectCREDIT
dc.subjectINCOME VARIABILITY
dc.subjectMARKET CONSTRAINTS
dc.subjectCONTRACT
dc.subjectPRICE STABILITY
dc.subjectREPAYMENT
dc.subjectPROPERTY
dc.subjectAMOUNT OF CREDIT
dc.subjectINCOME INEQUALITIES
dc.subjectFLOW OF CREDIT
dc.subjectBALANCE SHEET
dc.subjectMARKET
dc.subjectDEFAULT
dc.subjectFIXED EFFECT MODELS
dc.subjectTRADE LIBERALIZATION
dc.subjectEXPROPRIATION
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC OPPORTUNITIES
dc.subjectFINANCIAL DEVELOPMENT
dc.subjectDURABLE
dc.subjectINVESTMENT
dc.subjectEXTREME POVERTY
dc.subjectLEGAL PROTECTION
dc.subjectDOMESTIC CREDIT
dc.subjectCOMMERCIAL BANKS
dc.subjectSHARE
dc.subjectCREDIT RATIONING
dc.subjectHOUSEHOLDS
dc.subjectCOLLATERAL
dc.subjectPOVERTY
dc.subjectRIGHTS OF CREDITORS
dc.subjectFINANCIAL MARKETS
dc.subjectEARNINGS
dc.subjectPROFIT
dc.subjectLEGAL RIGHTS OF CREDITORS
dc.subjectFINANCIAL STRUCTURE
dc.subjectGREATER ACCESS
dc.subjectINVESTMENTS
dc.subjectLENDING
dc.subjectCONSUMER PRICE INDEX
dc.subjectCHILD LABOR
dc.subjectCREDIT GROWTH
dc.subjectMACROECONOMIC POLICIES
dc.subjectINSTRUMENT
dc.subjectFIXED COST
dc.subjectMICRO DATA
dc.subjectREMITTANCES
dc.subjectBANK BRANCHES
dc.subjectLABOR MARKETS
dc.subjectLIABILITIES
dc.subjectCOMMON LAW
dc.subjectLEGAL RIGHTS
dc.subjectFINANCIAL SECTOR DEVELOPMENT
dc.subjectCREDIT MARKET
dc.subjectINEQUALITY
dc.titleFinancial Channels, Property Rights, and Povertyen
dc.title.subtitleA Sub-Saharan African Perspectiveen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleFinancial Channels, Property Rights, and Poverty: A Sub-Saharan African Perspective
okr.date.disclosure2016-02-08
okr.doctypePublications & Research
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/2016/02/25884473/financial-channels-property-rights-poverty-sub-saharan-african-perspective
okr.guid755791467992491634
okr.identifier.doi10.1596/1813-9450-7559
okr.identifier.doihttps://doi.org/10.1596/1813-9450-7559
okr.identifier.externaldocumentum090224b084158c47_1_0
okr.identifier.internaldocumentum25884473
okr.identifier.reportWPS7559
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2016/02/08/090224b084158c47/1_0/Rendered/PDF/Financial0chan00African0perspective.pdfen
okr.region.administrativeAfrica
okr.region.countryHaiti
okr.topicPoverty Reduction::Pro-Poor Growth
okr.topicFinance and Financial Sector Development::Access to Finance
okr.unitHaiti Country Management Unit, Latin America and the Caribbean Region
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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