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Social protection spending and financial crises
journal contribution
posted on 2023-11-20, 15:11 authored by Thanh Cong Nguyen, Vitor CastroVitor Castro, Justine WoodJustine WoodThis 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.
History
School
- Loughborough Business School
Published in
Finance Research LettersVolume
59Issue
2024Publisher
ElsevierVersion
- AM (Accepted Manuscript)
Rights holder
© ElsevierPublisher statement
This 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/Acceptance date
2023-11-15Publication date
2023-11-16Copyright date
2023ISSN
1544-6123eISSN
1544-6131Publisher version
Language
- en
