Matches in SemOpenAlex for { <https://semopenalex.org/work/W295840797> ?p ?o ?g. }
- W295840797 abstract "The academic interest around the well-known inequality-finance nexus has recently been the subject of a renewed attention. A recent, yet flourishing literature started pointing inequality as a possible cause credit bubbles, leading to financial crises. Based on the existing literature, this paper aims at disentangling the various influences underlying the two-way relationship between inequality and finance, by focusing on a causality chain made of three main links: inequality, credit, and financial crises. The literature finds evidence of a positive causal relationship from inequality to credit, both direct (a rise of credit demand as a result of high inequalities) and indirect (inequality incites governments to support credit supply in order to maintain aggregate consumption); coincident factors are not to be excluded either (financial deregulation increasing simultaneously both inequalities and leverage). As credit booms appear to be the main determinant of financial crises, the possible direct and indirect impact of inequalities on such booms is a fundamental dimension to be taken into account by policymakers. Finally, the literature does not provide decisive conclusions concerning the sign of the distributional impact of financial development, financial deregulation and financial crises. It is fair to say however, that a majority of studies conclude to an increase of inequality following a financial crisis. The gaps identified in the literature allow pointing at several avenues for future research." @default.
- W295840797 created "2016-06-24" @default.
- W295840797 creator A5025062092 @default.
- W295840797 creator A5043562271 @default.
- W295840797 date "2014-12-01" @default.
- W295840797 modified "2023-10-17" @default.
- W295840797 title "The Circular Relationship between Inequality, Leverage, and Financial Crises: Intertwined Mechanisms and Competing Evidence" @default.
- W295840797 cites W1488881369 @default.
- W295840797 cites W1496722215 @default.
- W295840797 cites W1524101570 @default.
- W295840797 cites W1524779431 @default.
- W295840797 cites W1527887316 @default.
- W295840797 cites W1528857264 @default.
- W295840797 cites W1538444255 @default.
- W295840797 cites W1542280083 @default.
- W295840797 cites W1555454817 @default.
- W295840797 cites W1568092302 @default.
- W295840797 cites W1590582717 @default.
- W295840797 cites W1592810198 @default.
- W295840797 cites W1594427380 @default.
- W295840797 cites W1598020057 @default.
- W295840797 cites W1823306039 @default.
- W295840797 cites W1826159469 @default.
- W295840797 cites W1834366847 @default.
- W295840797 cites W1859068281 @default.
- W295840797 cites W1921597804 @default.
- W295840797 cites W1957480889 @default.
- W295840797 cites W1965808745 @default.
- W295840797 cites W1966910378 @default.
- W295840797 cites W1967374750 @default.
- W295840797 cites W1980286469 @default.
- W295840797 cites W1982198149 @default.
- W295840797 cites W2002077607 @default.
- W295840797 cites W2002576081 @default.
- W295840797 cites W2014505718 @default.
- W295840797 cites W2015522239 @default.
- W295840797 cites W2017239593 @default.
- W295840797 cites W2019924417 @default.
- W295840797 cites W2020961759 @default.
- W295840797 cites W2030042690 @default.
- W295840797 cites W2041121856 @default.
- W295840797 cites W2043716827 @default.
- W295840797 cites W2046773538 @default.
- W295840797 cites W2047738325 @default.
- W295840797 cites W2060231588 @default.
- W295840797 cites W2060435407 @default.
- W295840797 cites W2076470635 @default.
- W295840797 cites W2085665462 @default.
- W295840797 cites W2092469466 @default.
- W295840797 cites W2095900084 @default.
- W295840797 cites W2097587161 @default.
- W295840797 cites W2099793938 @default.
- W295840797 cites W2104456410 @default.
- W295840797 cites W2108472868 @default.
- W295840797 cites W2109214639 @default.
- W295840797 cites W2112559425 @default.
- W295840797 cites W2115458436 @default.
- W295840797 cites W2118769226 @default.
- W295840797 cites W2119557110 @default.
- W295840797 cites W2131936376 @default.
- W295840797 cites W2137329184 @default.
- W295840797 cites W2141361285 @default.
- W295840797 cites W2144140979 @default.
- W295840797 cites W2148501506 @default.
- W295840797 cites W2153438451 @default.
- W295840797 cites W2154066278 @default.
- W295840797 cites W2163766933 @default.
- W295840797 cites W2168846518 @default.
- W295840797 cites W2169122197 @default.
- W295840797 cites W2169223645 @default.
- W295840797 cites W2173941935 @default.
- W295840797 cites W2247213289 @default.
- W295840797 cites W2336751164 @default.
- W295840797 cites W2796635882 @default.
- W295840797 cites W2798156676 @default.
- W295840797 cites W2891883806 @default.
- W295840797 cites W2907096166 @default.
- W295840797 cites W2953447161 @default.
- W295840797 cites W2954454312 @default.
- W295840797 cites W2955934812 @default.
- W295840797 cites W3021643362 @default.
- W295840797 cites W3023322777 @default.
- W295840797 cites W3042610145 @default.
- W295840797 cites W3121137336 @default.
- W295840797 cites W3121246213 @default.
- W295840797 cites W3121393754 @default.
- W295840797 cites W3121442015 @default.
- W295840797 cites W3121650974 @default.
- W295840797 cites W3121757295 @default.
- W295840797 cites W3121849696 @default.
- W295840797 cites W3121902006 @default.
- W295840797 cites W3122086058 @default.
- W295840797 cites W3122099421 @default.
- W295840797 cites W3122311801 @default.
- W295840797 cites W3123157806 @default.
- W295840797 cites W3123174939 @default.
- W295840797 cites W3123536643 @default.
- W295840797 cites W3123675599 @default.
- W295840797 cites W3124128426 @default.
- W295840797 cites W3124503691 @default.