Proceedings of the 2023 International Conference on Finance, Trade and Business Management (FTBM 2023)

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Financial Crises and Inequality: Exploring the Relationship between Delinquency and Greater Polarization

Authors
Jiaxuan Lan1, *, Jiewen Lei2
1Huron college, The University of Western Ontario, London, Canada, N6G1H3
2King’s University College, The University of Western Ontario, London, Canada, N6A2M3
*Corresponding author. Email: jlan27@uwo.ca
Corresponding Author
Jiaxuan Lan
Available Online 30 November 2023.
DOI
10.2991/978-94-6463-298-9_4How to use a DOI?
Keywords
Financial Crises; Inequality; Inflation
Abstract

High inflation, rising concerns around cost of living, the topic of finance and its related crises has seemingly been on the rise in the last few decades. Through understanding how financial/banking crises can be linked to inequality, it can be perceived as to whether inequality is simply inevitable and whether there are steps that can be taken in order to reduce its relevant extent. This essay will focus on leading up to, and following the Great Recession of 2007/2008 and find whether rising economic inequality has resulted in greater polarization overall. There is evidence to suggest that financial crises can cause and can result in an aftermath of great inequality however these effects may have varying levels of impact as well. Not only is understanding the relationship important, but the past can also provide answers for the future, especially relating to how inequality has been reduced and what methods have been drawn up at present to mitigate some of these issues.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2023 International Conference on Finance, Trade and Business Management (FTBM 2023)
Series
Advances in Economics, Business and Management Research
Publication Date
30 November 2023
ISBN
10.2991/978-94-6463-298-9_4
ISSN
2352-5428
DOI
10.2991/978-94-6463-298-9_4How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Jiaxuan Lan
AU  - Jiewen Lei
PY  - 2023
DA  - 2023/11/30
TI  - Financial Crises and Inequality: Exploring the Relationship between Delinquency and Greater Polarization
BT  - Proceedings of the 2023 International Conference on Finance, Trade and Business Management (FTBM 2023)
PB  - Atlantis Press
SP  - 21
EP  - 27
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-298-9_4
DO  - 10.2991/978-94-6463-298-9_4
ID  - Lan2023
ER  -