Cross-country comparisons show that finance is not only pro-growth but also pro-poor. My research explores the channels through which financial deepening helps reduce poverty.
Big Bad Banks? The Impact of U.S. Branch Deregulation on Income Distribution*, with R. Levine and A. Levkov, Journal of Finance 65, 1637-67, 2010. *Brattle Group Prize for Distinguished Paper 2010.
Finance, Inequality and the Poor, with A. Demirgüç-Kunt and R. Levine, Journal of Economic Growth 12, March 2007, pp. 27-49.