01879cas a2200241 a 4500 AALejournalIMF001824 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451842050 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. Financial Crises, Poverty, and Income Distribution. Washington, D.C. : International Monetary Fund, 2002. 1 online resource (47 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Developing and transition economies are prone to financial crises, including balance of payments and banking crises. These crises affect poverty and the distribution of income through a variety of channels: slowdowns in economic activity, relative price changes, and fiscal retrenchment, among others. This paper deals with the impact of financial crises on the incidence of poverty and income distribution, and discusses policy options that can be considered by governments in the aftermath of crises. Empirical evidence, based on both macro- and microlevel data, shows that financial crises are associated with an increase in poverty and, in some cases, income inequality. The provison of targeted safety nets and the protection of specific social programs from fiscal retrenchment remain the main short-term propoor policy responses to financial crises. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2002/004 Full text available on IMF http://elibrary.imf.org/view/journals/001/2002/004/001.2002.issue-004-en.xml IMF e-Library