The research question addressed by this project is how far do the changes in policy consequent upon adopting the liberalisation agenda, affect household financial behaviour. The original intention of the project was to assess the significance of the financial reforms at the macro-level on the supply of savings and the demand for credit at the level of the household, and in addition to examine the effects of liberalisation on the availability of credit from informal and formal sources, and on the provision of informal forms of social insurance between households. It was intended to achieve these objectives by modelling and testing these macro-micro interactions using Indian household survey data collected over time and matched with data on measurable policy variables over time. This final report outlines the project's background and objectives, methodology, findings and their dissemination. Appendices 1-3 contain the data used, appendix 4 describes the highlights of the project.
Department of Economics, Keele University. Research Report to the Department for International DevelopmentResearch Grant R7968: Macro-financial Policy Effects on Household Behaviour in LDCs. (2003) 8 pp.