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Title: The Impact of Financial Crises on the Poor
Authors: Rewilak, Johan
First Published: 9-Nov-2017
Publisher: Wiley for Development Studies Association
Citation: Journal of International Development, 2018, 30(1), pp. 3-19
Abstract: Financial crises have detrimental impacts on the economy via depressed economic growth and rising unemployment, however, their impact on the poorest in society is relatively under‐researched. This paper investigates the impact of three different types of financial crises on the income of the poor. Using a variety of estimation techniques and controlling for a lagged dependent variable, the results suggest that currency crises are the most harmful to the poor, followed by banking crises. Debt crises only have a statistically significant effect on the income of the poor in richer countries.
DOI Link: 10.1002/jid.3334
ISSN: 0954-1748
eISSN: 1099-1328
Version: Publisher Version
Status: Peer-reviewed
Type: Journal Article
Rights: Copyright © the authors, 2017. This is an open-access article distributed under the terms of the Creative Commons Attribution License (, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
Appears in Collections:Published Articles, School of Management

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