Credit Constraints, Productivity Shocks and Consumption Volatility in Emerging Economies

Credit Constraints, Productivity Shocks and Consumption Volatility in Emerging Economies
How does access to credit 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 further increases the volatility of consumption... READ MORE...

Publication date: May 2013
ISBN 9781484325988
$18.00

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