The SAFE Visitors Program organizes and cordially invites you to attend a PhD-level mini course on
Household Finance in Emerging Economies
by Vimal Balasubramaniam
(Associate Professor (Reader) in Finance at Queen Mary University of London and a Research Affiliate at the Centre for Economic Policy Research)
This lecture series examines household financial behavior in emerging economies, exploring how families save, borrow, invest, and manage risk in contexts marked by financial market imperfections, institutional constraints, and economic volatility. Drawing on recent advances in finance and development economics, the course connects microeconomic household decisions (first two lectures) to broader macroeconomic outcomes (final lecture).
Schedule
Monday, 27 October, 10:00 - 13:00
Tuesday, 28 October , 09:00 - 12:00
Wednesday, 29 October, 09:00 - 12:00
Attendance is free of charge but registration is required.
The series covers three key topics:
Lecture 1: Financial Access and Inclusion Examines barriers to formal financial services, the role of informal finance, and how fintech innovations are reshaping access. Explores household demand for and constraints on credit, savings products, and insurance.
Lecture 2: Household Portfolio Choice and Risk Management Analyzes how emerging economy households allocate assets across formal and informal instruments, manage income volatility, and cope with shocks. Consider the interplay between precautionary savings and market-based risk management tools. This lecture will also draw upon thinking about causal inference in empirical asset pricing.
Lecture 3: Macro-Financial Linkages and Policy Implications Connects household finance decisions and its implications for macroeconomic policy decisions such as monetary policy.
