Capital Markets, Technology, Financial Inclusion, and Economic Growth
Organized by Shilpa Aggarwal and Amit Seru
Supported by Indian School of Business
December 16-17, 2023
Indian School of Business (ISB), Hyderabad, India
Format: Authors will have 25 minutes to present their papers, discussants 15 minutes for comments, and there will be an additional 20 minutes for general discussion
Saturday, December 16
9:00 am
Coffee and Tea
9:30 am

Can Cashless Payments Spur Economic Growth?

Amiyatosh Purnanandam, University of Texas at Austin
Tamanna Singh Dubey, Indian School of Business (ISB)

Discussant:
Viral V. Acharya, New York University and NBER
10:30 am

Beyond the Bureau: Loan Screening and Monitoring under Open Banking

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 (ISB)
Shiv Dixit, Indian School of Business (ISB)
Tejaswi Velayudhan, University of California, Irvine

Discussant:
James M. Poterba, Massachusetts Institute of Technology
1:00 pm
Lunch
2:00 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
3:00 pm

Bank Expansion, Firm Dynamics, and Structural Transformation: Evidence from India’s Policy Experiment

Marshall Mo, Stanford University
Dian Jiao, Columbia University

Discussant:
Luigi Zingales, University of Chicago and NBER
4:00 pm
Break
4:30 pm
Panel Discussion: How Digital Payments are Driving Financial Inclusion
Chair: Karen Mills, Harvard Business School and NBER
Panelists: Sharath Bulusu, Google
Gopalaraman Padmanabhan, Axis Bank (formerly Reserve Bank of India)
Chetna Sinha, Mann Deshi Mahila Sahkari Bank
6:30 pm
Dinner
Sunday, December 17
8:30 am
Coffee and Tea
9:00 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
1:30 pm

Using Lotteries to Attract Deposits

Paul Gertler, University of California, Berkeley and NBER
Sean Higgins, Northwestern University
Aisling Scott, University of California, Berkeley
Enrique Seira, University of Notre Dame

Discussant:
Shilpa Aggarwal, Indian School of Business (ISB)
2:30 pm

Equilibrium Effects of ``Financial Affirmative Action'': Evidence from India

Subrata Kumar Ritadhi, Occidental College
Muhammad Yasir Khan, University of Pittsburgh

Discussant:
Rohini Pande, Yale University and NBER
3:30 pm
Adjourn