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...

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Bibliographic Details
Main Authors: Bhattacharya, Rudrani, Patnaik, Ila
Language:English
en_US
Published: World Bank, Washington, DC 2015
Subjects:
GDP
Online Access:http://documents.worldbank.org/curated/en/2015/06/24582431/financial-inclusion-productivity-shocks-consumption-volatility-emerging-economies
http://hdl.handle.net/10986/22161