Ayyagari, Meghana; Beck, Thorsten; Hoseini, Mohammad - C.E.P.R. Discussion Papers - 2013
outreach on rural poverty. Following the 1991 liberalization episode, we find a strong negative relationship between financial … deepening, rather than financial breadth, and rural poverty. Instrumental variable regressions suggest that this relationship is … robust to omitted variable and endogeneity biases. We also find that financial deepening has reduced poverty rates especially …