The impact of financial deepening on poverty and the causes and consequences of access to finance are critical policy questions across the developing world. I have been using an array of cross-country
and country-specific data to explore these questions. I have also been on several advisory panels to gauge the impact of different initiatives to increase access to finance, including the Access to Finance Performance Based Grant Initiative
(IFC) and the Evaluation Panel of the Dutch FMO.
Financial inclusion - measuring progress and progress in measuring
Microfinance: A Critical Literature Survey, IEG Working Paper
Payment instruments, finance and development, (joint with Haki Pamuk, Ravi Ramrattan and Burak Uras), forthcoming in Journal
of Development Economics
Entrepreneurial Savings Practices and Reinvestment: Theory and Evidence, with Haki Pumak and Burak Uras Review
of Development Economics 21, 1205-28, 2017.
Individual vs. village lending:Evidence from Montenegro, with
Patrick Behr, Review of Development Economics 21, e67-e87, 2017
Finance and Growth for Microenterprises: Evidence from Rural China, with Liping
Lu and Rudai Yang, World Development 67, 38-56, 2014
Small Beautiful? Financial Structure, Size and Access to Finance, with Asli Demirguc-Kunt and Dorothe Singer, World Development 52, 19-33, 2013.
Gender and Finance in Sub-Saharan Africa: Are Women Disadvantaged?, with Reyes Aterido and Leonardo Iacovone, World Development 47, 102-120, 2013
Explains the Cost of Remittances? An Examination Across 119 Country Corridors, with Maria Soledad Martinez Peria, World Bank Economic Review 25,105-131, 2011.
Foreign Bank Ownership and Household Credit, with Martin Brown, Journal of Financial Intermediation, forthcoming.
Why do Firms Evade Taxes? The Role of Information
Sharing and Financial Sector Outreach, with Chen Lin and Yue Ma, Journal of Finance 69, 2014.
Access to Financial Services: Measurement, Impact and Policies,
with A. Demirguc-Kunt and P. Honohan. World Bank Research Observer, 24, 119-145, 2009.
Access to Finance - An Unfinished Agenda, with A. Demirguc-Kunt. World
Bank Economic Review, 22, 383-396, 2008.
for Everyone? Barriers to Bank Access and Use around the World, with A. Demirgüç-Kunt and M. Martinez Peria. World Bank Economic Review, 22, 397-430, 2008. (Dataset)
Policy Choices for an Efficient and Inclusive Financial System, in: Collateral Reform and Access
to Credit, 2008, Frederique Dahan and John Simpson (eds). Edward Elgar Ltd.
The Basic Analytics of Access to Financial Services, with A. de la Torre, Financial
Markets, Institutions and Instruments 16 (2), May 2007, pp. 79-117.
Reaching Out: Access to and Use of Banking Services across Countries, with A.Demirgüç-Kunt
and M. Martinez Peria, Journal of Financial Economics 85, July 2007, pp. 234-66.