The Role and impact of financial sector aid on financial development and poverty reduction
The paper empirically considers the impact of financial aid on the financial development and poverty reduction, which is closely related to the quality of policy. I build a panel of 77 developing countries and study 1974 to 2011 using econometric methodology, including system-GMM. I find that financial sector aid can be a driver of poverty reduction with sound policy : Financial sector aid has a significantly positive impact on developing countries
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