Does Capital Account Liberalization and Foreign Banks Ownership Lead to Income Disparity? An Analysis of BRICS Economies

The purpose of the study is to evaluate impact capital account liberalization and foreign bank ownership on income inequality. In this study, we have analyzed BRICS countries. used an unbalanced panel dataset. timeline was 1991-2020, countries (Brazil, Russia, India, China, South Africa) were analyzed. To measure data liberalization, KAOPEN index. We inequality as independent variable in measured it through Gini Coefficient. At same time, taken dependent author per capita income, unemployment rate, inflation, population growth controlled variables. robustness analysis, institutional quality variables such corruption government stability ratings included. found that sustainable banks could help reduce