We provide new micro evidence on the discussion about the relationship between financial development and welfare. Relying on the concept of local financial development our analysis focuses on three dimensions of household welfare: vulnerability to poverty, investment, and consumption smoothing....

We provide new micro evidence on the discussion about the relationship between financial development and welfare. Relying on the concept of local financial development our analysis focuses on three dimensions of household welfare: vulnerability to poverty, investment, and consumption smoothing....

We provide new micro evidence on the relationship between financial development and welfare. Relying on the concept of local financial development, our analysis focuses on two dimensions of household welfare: investment and consumption. The results show that financial development is associated...

Foreign exchange expectations, overconfidence, central banks' foreign exchange interventions, financial development, risk attitudes. - Wechselkurserwartungen, Selbstüberschätzung, Wechselkursinterventionen von Zentralbanken, Entwicklung von Finanzmärkten, Risikoeinstellung