The Household Finance Landscape in Emerging Economies

40 Pages Posted: 19 Nov 2018 Last revised: 26 Dec 2019

See all articles by Cristian Badarinza

Cristian Badarinza

National University of Singapore (NUS)

Vimal Balasubramaniam

Queen Mary University of London; Centre for Economic Policy Research (CEPR)

Tarun Ramadorai

Imperial College London; Centre for Economic Policy Research (CEPR); European Corporate Governance Institute (ECGI)

Multiple version iconThere are 2 versions of this paper

Date Written: October 02, 2019

Abstract

We survey the household finance landscape in emerging economies. We first present statistics on household balance sheets from official micro-surveys in countries comprising 45% of the global population: China, India, Bangladesh, Philippines, Thailand, and South Africa. We contrast these patterns with those in data from advanced economies. We then survey the nascent literature on household finance in emerging economies, and discuss areas of overlap with the more well-established literature on household finance in advanced economies, as well as the large body of literature on development finance. We highlight useful directions for future research.

Keywords: household finance, real estate, development, credit, insurance, emerging economies

JEL Classification: D1, G00

Suggested Citation

Badarinza, Cristian and Balasubramaniam, Vimal and Ramadorai, Tarun, The Household Finance Landscape in Emerging Economies (October 02, 2019). WBS Finance Group Research Paper No. 257, Available at SSRN: https://ssrn.com/abstract=3280962 or http://dx.doi.org/10.2139/ssrn.3280962

Cristian Badarinza

National University of Singapore (NUS) ( email )

1E Kent Ridge Road
NUHS Tower Block Level 7
Singapore, 119228
Singapore

Vimal Balasubramaniam (Contact Author)

Queen Mary University of London ( email )

Mile End Road
London, London E1 4NS
United Kingdom

Centre for Economic Policy Research (CEPR) ( email )

London
United Kingdom

Tarun Ramadorai

Imperial College London ( email )

South Kensington Campus
Exhibition Road
London, Greater London SW7 2AZ
United Kingdom

HOME PAGE: http://www.tarunramadorai.com

Centre for Economic Policy Research (CEPR) ( email )

London
United Kingdom

European Corporate Governance Institute (ECGI) ( email )

c/o the Royal Academies of Belgium
Rue Ducale 1 Hertogsstraat
1000 Brussels
Belgium

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