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dc.contributor.authorSaxena, Vibhor
dc.contributor.authorBindal, Ishaan
dc.contributor.authorLeMay-Boucher, Philippe
dc.identifier.citationSaxena , V , Bindal , I & LeMay-Boucher , P 2019 ' Social groups and credit shocks : evidence of inequalities in consumption smoothing ' School of Economics and Finance Discussion Paper , no. 1901 , University of St Andrews , St Andrews , pp. 1-28 .en
dc.identifier.otherPURE: 257592173
dc.identifier.otherPURE UUID: cf4ca2c9-4e0d-4384-9fd5-0088e9493a70
dc.identifier.otherORCID: /0000-0001-9411-5527/work/60196609
dc.description.abstractA strand of research holds the view that restricting access to credit to regulate over-borrowing can worsen consumers’ financial condition. Another strand of research holds the view that access to credit in the developing countries with subprime credit markets is determined by social groupings and ethnic affiliations. By merging these two strands of research, we investigate the impact of Andhra Pradesh microfinance act (2010) on the consumption expenditure of marginalised social groups and the upper caste Hindu groups in India. We construct an aggregated district level panel data for eight quarters and estimate the impact of unanticipated policy change. The results of our analysis show that the sudden restriction of access to credit has larger impact on the consumption levels of the marginalised social groups: lower castes, tribes, and Muslims. The findings also confirm the failure of contingency policy enacted for smoothing consumption.
dc.publisherUniversity of St Andrews
dc.relation.ispartofseriesSchool of Economics and Finance Discussion Paperen
dc.rightsCopyright (c) the authorsen
dc.subjectFinancial deleveragingen
dc.subjectSocial insuranceen
dc.subjectConsumption smoothingen
dc.subjectAndhra Pradeshen
dc.subjectHG Financeen
dc.subjectSDG 1 - No Povertyen
dc.subjectSDG 5 - Gender Equalityen
dc.subjectSDG 8 - Decent Work and Economic Growthen
dc.titleSocial groups and credit shocks : evidence of inequalities in consumption smoothingen
dc.typeWorking or discussion paperen
dc.description.versionPublisher PDFen
dc.contributor.institutionUniversity of St Andrews. School of Economics and Financeen

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