Impact of Financial Crises on Poverty in the Developing World: An Empirical Approach
采用跨国面板数据分析货币、银行和主权债务危机对发展中国家贫困率和贫困深度的影响，发现货币危机短期加剧贫困，银行危机加深贫困深度，而债务危机无直接效应。
ABSTRACT This article adopts a cross-country perspective to analyse the short term effects of currency, banking and debt crises on the poverty headcount ratio and the poverty gap (as measured by the World Bank), employing multivariate fixed-effects panel data analysis. The findings suggest that currency crises most significantly exacerbate both the incidence and depth of poverty in the short run. Banking crises are associated with an increase in the depth of poverty but not the incidence while there is no direct effect of sovereign debt crises. Given the low level of significance, the results are far from conclusive and offer only partial indications of the crises-poverty nexus.