Financial Inclusion, Productivity Shocks, and Consumption Volatility in Emerging Economies
How does access to finance impact consumption volatility? Theory and evidence from advanced economies suggests that greater household access to finance smooths consumption. Evidence from emerging markets, where consumption is usually more volatile than income, indicates that financial reform furthe...
| Main Authors: | , |
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| Format: | Journal Article |
| Language: | en_US |
| Published: |
Published by Oxford University Press on behalf of the World Bank
2017
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10986/27696 |