Unbundling interest rate and bank credit nexus on income inequality: structural break analysis from Nigeria

What is it about?

This paper engages a new line of argument by unbundling how financial intermediation impacts on income inequality. The extant literature submits that finance directly impacts income inequality whereas this study investigates further to show that interest rate impacts income inequality through bank credit. That is, the transmission mechanism by which finance affects income inequality is modeled and analysed.

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