Recently, capital controls have made a comeback as both policymakers and academia have questioned the net benefits of liberalization and economic growth, especi

This paper examines the distributional impact of capital account liberalization. Using panel data for 149 countries from 1970 to 2010, we find that, on average,

This paper analyzes the extent of income inequality from a global perspective, its drivers, and what to do about it. The drivers of inequality vary widely among

This paper provides evidence on the link between financial development and income distribution. Several dimensions of financial development are considered: fina