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...
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| Format: | Tidsskrift |
| Sprog: | English |
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Washington, D.C. :
International Monetary Fund,
2013.
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| Serier: | IMF Working Papers; Working Paper ;
No. 2013/120 |
| Online adgang: | Full text available on IMF |