Thorsten Beck is Professor of Economics and Chairman of the European Banking CentER at Tilburg University. Before joining Tilburg University in 2008, he worked at the Development Research Group of the World Bank. His research and policy work has focused on international banking and corporate finance and has been published in Journal of Finance, Journal of Financial Economics, Journal of Monetary Economcis and Journal of Economic Growth. His operational and policy work has focused on Sub-Saharan Africa and Latin America. He is also Research Fellow in the Centre for Economic Policy Research (CEPR) in London and a Fellow in the Center for Financial Studies in Frankfurt. He studied at Tübingen University, Universidad de Costa Rica, University of Kansas and University of Virginia.
Migrating out of poverty: The role of finance
13 Sep 2013
Financial liberalisation has been controversial as it is not clear whom the expanded credit allocation actually benefits. Using variation across time and states in India, this column finds strong evidence that financial deepening reduces rural poverty, especially among the self-employed. Financial deepening is also found to be associated with an inter-state migration trend from rural areas into the tertiary sector in urban areas.
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