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...

Полное описание

Библиографические подробности
Главный автор: Bhattacharya, Rudrani
Другие авторы: Patnaik, Ila
Формат: Журнал
Язык:English
Опубликовано: Washington, D.C. : International Monetary Fund, 2013.
Серии:IMF Working Papers; Working Paper ; No. 2013/120
Online-ссылка:Full text available on IMF