Financial Inclusion, Productivity Shocks, and Consumption Volatility in Emerging Economies
Bhattacharya, Rudrani and Patnaik, Ila, Financial Inclusion, Productivity Shocks, and Consumption Volatility in Emerging Economies (June 3, 2015). World Bank Policy Research Working Paper No. 7288. Available for download at SSRN: http://ssrn.com/abstract=2614184 “How does access to finance impact consumption volatility? Theory and evidence from advanced economies suggests that greater household access to finance smooths consumption. …