The Household Finance Landscape in Emerging Economies

Posted: 12 Jan 2020

See all articles by C. Badarinza

C. Badarinza

National University of Singapore (NUS) - Department of Real Estate

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)

Date Written: December 2019

Abstract

We survey the household finance landscape in emerging economies. We first present statistics on household balance sheets from official microsurveys in countries constituting 45% of the global population: China, India, Bangladesh, the 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 better-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.

Suggested Citation

Badarinza, Cristian and Balasubramaniam, Vimal and Ramadorai, Tarun, The Household Finance Landscape in Emerging Economies (December 2019). Annual Review of Financial Economics, Vol. 11, pp. 109-129, 2019, Available at SSRN: https://ssrn.com/abstract=3516521 or http://dx.doi.org/10.1146/annurev-financial-110118-123106

Cristian Badarinza

National University of Singapore (NUS) - Department of Real Estate ( email )

4 Architecture Drive
Singapore 117566
Singapore

Vimal Balasubramaniam

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 (Contact Author)

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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