Capital Markets, Technology, Financial Inclusion, and Economic Growth
ISB NBER 2023
The second annual ISB-NBER conference on Economic Policy and the Indian Economy will be held at the Indian School of Business (ISB) in Hyderabad on December 16-17, 2023. The meeting will emphasize the relationships between capital markets and technology, and particularly the intersection of the two, and financial inclusion and economic growth. The meeting will be co-organized by Shilpa Aggarwal (ISB) and Amit Seru (Stanford University and NBER).
| Date | December 16 -17, 2023 |
| Location | Hyderabad Campus |
About the Event
The second annual ISB-NBER conference on Economic Policy and the Indian Economy will be held at the Indian School of Business (ISB) in Hyderabad on December 16-17, 2023. The meeting will emphasize the relationships between capital markets and technology, and particularly the intersection of the two, and financial inclusion and economic growth. The meeting will be co-organized by Shilpa Aggarwal (ISB) and Amit Seru (Stanford University and NBER).
Priority topics for discussion at the conference include, but are not limited to:
- Factors that contribute to financial exclusion, including caste, gender and race
- Effects of financial exclusion on economic performance and household well-being
- Consequences of government policies and private sector initiatives that seek to reduce financial market frictions and promote access to financial markets
- Impact of digital transformation, mobile money and AI/ML in expanding access and reducing frictions
- Implications of capital market regulations, including those affecting banks and securities markets, for financial market access by small businesses and low-income households
The conference will spotlight research on the Indian economy and the South Asian region, but studies of other regions that have broad implications are also welcome.
Agenda
| Friday, December 15 | |
|
06:30 pm |
Dinner at the Sheraton Hyderabad |
| Saturday, December 16 | |
|
09:00 am |
Coffee and Tea |
|
09:30 am |
Can Cashless Payments Spur Economic Growth? Amiyatosh Purnanandam, University of Michigan Tamanna Singh Dubey, University of Michigan Discussant: Viral V. Acharya, New York University and NBER |
|
10:30 am |
Can Open Banking Substitute Credit Bureaus? Kumar Rishabh, HEC Lausanne Discussant: Amit Seru, Stanford University and NBER |
|
11:30 am |
Break |
|
12:00 pm |
Impact of the GST on Corporate Tax Evasion: Evidence from Indian Tax Records Sumit Agarwal, National University of Singapore Shashwat Alok, Indian School of Business Shiv Dixit, Indian School of Business Tejaswi Velayudhan, University of Michigan Discussant: James Poterba, Massachusetts Institute of Technology |
|
01:00 pm |
Lunch |
|
02:00 pm |
The Moneylender as Middleman: Formal Credit Supply and Informal Loans in Rural India Vaishnavi Surendra, Precision Development (PxD) Discussant: Anusha Chari, University of North Carolina at Chapel Hill and NBER |
|
03:00 pm |
Banks, Misallocation and Structural Transformation: Evidence from India Marshall Mo,Stanford University Dian Jiao,Columbia University Discussant: Luigi Zingales, University of Chicago and NBER |
|
04:00 pm |
Break |
|
04:30 pm |
Panel Discussion on FinTech and Financial Inclusion |
|
06:30 pm |
Dinner |
| Sunday, December 17 | |
|
08:30 am |
Coffee and Tea |
|
09:00 am |
Mobile Money, Interoperability and Financial Inclusion Nicola Limodio,Bocconi University Markus K. Brunnermeier,Princeton University and NBER Lorenzo Spadavecchia,Bocconi University Discussant: Per Stromberg, Stockholm School of Economics |
|
10:00 am |
Disentangling the Effects of Financial Inclusion on Household Well-Being(slides) Nandini Gupta, Indiana University Ashish K. Sedai, University of Texas at Arlington Discussant: Tarun Ramadorai, Imperial College London |
|
11:00 am |
Break |
|
11:30 am |
Information Frictions and Take-up of Government Credit Programs Apoorv Gupta, Dartmouth College Jacopo Ponticelli, Northwestern University and NBER Andrea Tesei, Queen Mary University of London Discussant: Raghuram Rajan, University of Chicago and NBER |
|
12:30 pm |
Lunch |
|
01:30 pm |
Using Lotteries to Attract Deposits Paul Gertler, University of California, Berkeley and NBER Sean Higgins, Northwestern University Aisling Scott, University of California at Berkeley Enrique Seira, Michigan State University Discussant: Shilpa Aggarwal, Indian School of Business |
|
02:30 pm |
Does "Financial Affirmative Action" Affect Minority Well-Being? Evidence from a Directed Credit Program for Religious Minorities Subrata Kumar Ritadhi, Ashoka University Muhammad Yasir Khan, University of Pittsburgh Discussant: Rohini Pande, Yale University and NBER |
|
03:30 pm |
Adjourn |