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Social protection spending and financial crises
This paper assesses the impact of distinct types of financial crises on social protection spending using a panel of 105 countries over the period 1991-2019. The findings show that spending on social protection increases when financial crises strike, mainly in the aftermath of banking crises. However, currency and debt crises are detrimental to spending on social protection, threatening social wellbeing.
- Loughborough Business School
Published inFinance Research Letters
- AM (Accepted Manuscript)
Rights holder© Elsevier
Publisher statementThis paper was accepted for publication in Finance Research Letters published by Elsevier. The final publication is available at https://doi.org/10.1016/j.frl.2023.104753. This manuscript version is made available under the CC-BY-NC-ND 4.0 license https://creativecommons.org/licenses/by-nc-nd/4.0/