Document Type
Article
Abstract
This study explores, for the first time, how financial vulnerability affects incomeinequality across OECD countries, from 1990 to 2015. The empirics use a new financialvulnerability index constructed by Adrian and Duarte (2016). Through the methodologyof their modeling approach, panel GARCH and GMM methods, the findings indicatethat financial vulnerability exerts a negative impact on income equality conditions.The results survive certain definitions of income inequality and corruption, whilethey highlight the importance of financial stability conditions, with potential furtherrepercussions to the real economy.
Recommended Citation
Apergis, Nicholas
(2019)
"FINANCIAL VULNERABILITY AND INCOME INEQUALITY: NEW EVIDENCE FROM OECD COUNTRIES,"
Bulletin of Monetary Economics and Banking: Vol. 21:
No.
3, Article 2.
DOI: https://doi.org/10.21098/bemp.v21i3.945
Available at:
https://bulletin.bmeb-bi.org/bmeb/vol21/iss3/2
First Page
395
Last Page
408
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License
Country
Greece
Affiliation
University of Piraeus
