DOES FINANCIAL DEVELOPMENT REDUCE POVERTY? EVIDENCE FROM LOW-INCOME AND LOW-MIDDLE-INCOME COUNTRIES.
In the last decades, low-income and low-middle-income countries still presents high levels of poverty despite several efforts by development organizations and policy makers to reduce poverty. Specifically, this paper tests if financial depth and financial access reduces the poverty headcount ratio in 45 low-income and low-middle-income countries and compares both results to know which measure is m
