The role of fiscal policy in the link between income inequality and banking crises
AffiliationUniversity of Derby
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AbstractThis paper explores the link between income inequality and banking crises, when inequality is affected by fiscal policy. Using a two-stage probit least squares method and a panel of 21 countries, spanning the period 1971-2017, the findings indicate that inequality impacts the probability of banking crises through budget deficits, followed by government expenses.
CitationApergis, N. (2020). 'The role of fiscal policy in the link between income inequality and banking crises'. Applied Economics Letters, pp. 1-6.
PublisherTaylor & Francis
JournalApplied Economics Letters
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